2020 INVESTMENT HIGHLIGHTS MEG has taken definitive action to enhance its strong liquidity and protect its attractive asset base in the face of COVID induced market conditions 120 mm cash balance at end of Q2 and C800 mm revolver is…
AB O U T M E G MEG is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. MEG transports and sells its thermal oil production to refiners throughout North America…
4 Y E AR R U N WAY W I T H N O F I N AN C I A L C O V E N AN T S C AP I TAL M AR K E T S M AT U R IT Y S T R U C T U R E Significant access to liquidity provided by undrawn C800 mm modified covenant- lite credit facility with 4…
L O W B R E AK E V E N P R I C E I N S U S TAI N A B L E AS S S E T High quality, 10-15% decline rate allows for low sustaining capital, enhancing the sustainability of the business and financial flexibility I N S I T U AS S E T S H…
ESG PRIORITIES Environment, social and governance considerations are embedded in everything we do ESG objectives drive key metrics in executive and employee compensation HE ALT H & S AF E T Y MEGs goal is for all workers to return…
E N V I R O N M E N TAL L E AD E R N E T G H G I N T E N S IT Y 1 M AK E - U P WAT E R WI T H D R AWAL I N T E N S IT Y (kg CO2e/bbl) (bbl make-up water per bbl bitumen) MEG is a leader in lowering Greenhouse Gas (GHG) MEG does not…
TO P T I E R O P E R ATO R I N T H E S E C TO R MEGs Christina Lake project has leading steam oil ratio (SOR) and operating costs, highlighting asset quality, advantaged economics and efficiency as an operator FY 2019 SOR1 2 0 1 9 O…
FOCUS ON COST REDUCTION AN D S U S TAI N A B I L I T Y Non-Energy Operating Costs (C mm) Best in class opex per bbl achieved by: Brownfield growth with low incremental costs Optimization of chemical usage Waste stream reduction…
S U B S TAN T I A L VAL U E F R O M COMMODITY HEDGING H2 hedges protect capital program and year end liquidity, WTI exposure 85% hedged at an average price of US45.50 / bbl1; Additionally enhanced swaps add estimated C35 mm in…
AS S E T S TO AC C E S S H I G H VAL U E M AR K E T S Strategic marketing assets allow for optimization of realized bitumen price . 1.4 mmbbl Western Canadian Storage Manages Enbridge apportionment Future 20,000 bbl/d Edmonton…
2020 OUTLOOK Focus on adapting to challenging market conditions via cash cost reduction and flexible operations Revised annual production guidance of 2 0 2 0 C AP I TAL B U D G E T 1 5 0 M M - 100 mm reduction from original budget…
v COVID-19 RESPONSE Proactive plans to manage risks presented by global pandemic The Corporations business activities have been declared an essential service by the Alberta Government and the Corporation remains committed to the health…
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B L E N D S AL E B Y M AR K E T Anticipate growing deliveries to USGC from 1/3 to 50% in H2 2020 Q2 2020 RESULTS Edmonton (US/bbl) U.S. Gulf Coast (US/bbl) TOTAL TOTAL (US/bbl) (C/bbl)4 US/bbl, except as indicated Pipeline FOB Rail…
M AT E R I A L U N R E C O G N I Z E D VAL U E F R O M TAX P O O L S 5.7 billion of tax pools immediately deductible COMPOSITION OF TAX POOLS (C BILLION) AMOUNT OF ILLUSTRATIVE VALUE OF POOLS UTILIZED TAX POOLS AT 8.0% Non-Capital…
D I S C L AI M E R This presentation is not, and under no circumstances is to be construed to be a prospectus, offering memorandum, advertisement or public offering of any securities of MEG Energy Corp. (MEG). Neither the United States…
D I S C L O S U R E AD V I S O R I E S Non-GAAP Measures This presentation refers to the non-GAAP measure of free cash flow, as well as adjusted funds flow which is defined in Note 20 of the Q2 2020 Financial Statements. These terms…
I N V E S TO R R E L AT I O N S I N V E S T O R R E L AT I O N S T: 5 8 7 . 2 9 3 . 6 0 4 5 E : I N V E S T M E G E N E R G Y. C O M M E D I A R E L AT I O N S T: 5 8 7 . 2 3 3 . 8 3 5 3 E : M E D I A M E G E N E R G Y. C O M W…
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