Corporate Priorities Building on 2019 Success 2020 Priorities Focus on Debt reduction free cash flow and financial generation liquidity Continue to reduce debt Existing production capacity, Free cash flow will continue via free cash…
2020 Outlook Capital budget of 250 million prioritizes financial strength and maximizing free cash flow, fully funded from a portion of expected adjusted funds flow Production guidance of 94,000 2020 Capital Budget 250 MM 97,000 bbls/d…
Commodity Price Hedging Strategy focused on protecting capital program while providing flexibility to fund debt reduction; 70% of H1 WTI exposure is hedged with 55% hedged in 2020 on average; Hedging program supports free cash flow…
Assets to Access High Value Markets Strategic marketing assets de-risk the business and enhance net realized bitumen price 1.4 mmbbl Western Canadian Storage Manages Enbridge apportionment Future 20,000 bbl/d Edmonton Bruderheim on…
Blend Sales by Market Anticipate growing deliveries to USGC from 1/3 to 50% in H2 2020 Actual 2019 Results Edmonton (US/bbl) U.S. Gulf Coast (US/bbl) TOTAL TOTAL US/bbl, except as indicated Pipeline FOB Rail Pipeline Delivered Rail…
Low Breakeven Price in Sustainable Asset Low decline asset base allows for production capacity of 100,000 bbls/d to be maintained with low sustaining capital, enhancing free cash flow In situ assets have low decline profile (10 15%…
ESG Highlights MEGs focus on ESG supported via executive committee integrated into all aspects of the business Data in ESG report based on 2018 results, additional information can be found at…
Environmental Leader Net GHG Intensity (kg CO e/bbl)) 2 Water Withdrawal Intensity(bbl water per bbl bitumen) 75 0.70 0.60 0.50 65 0.40 More than 20% below 0.30 55 in situ industry average 0.20 0.10 68% decrease since 2013 45 -…
APPENDIX 11
Material Unrecognized Value from Tax Pools 5.7 billion of tax pools immediately deductible Composition of Tax Pools (C billion) Amount of Pools Illustrative Value of Tax Pools Utilized by Year(1) at 8.0% Discount Rate Non-Capital…
Inventory of Highly Economic Growth Optional growth projects identified to support buildout to 210,000 bbls/d at Christina Lake are execution ready debt repayment takes precedence 210,000+ bbls/d +52,000+ bbls/d 100,000 bbls/d…
Investor Relations Investor Relations T 403.767.6206 E investmegenergy.com Media Relations T 403.767.1485 E mediamegenergy.com
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