Solvent assisted technology growth projects on deck for MEG.
MEG Energy reported first-quarter production volumes of 77.2 thousand barrels of oil equivalent per day, compared with 76.6 mboe/d in the year-ago period. Production volumes were in line with our expectations. Additionally, the company remains on track to meet its full-year 2017 production guidance of 80-82 mboe/d, with expected 2017 exit production in the range of 86-89 mboe/d.MEG reported nonenergy operating costs of CAD 5.20 per barrel for the quarter. Costs were down almost 20% from the fir...
MEG Energy is engaged in a steam assisted gravity drainage oil sands development at its 80 section Christina Lake Regional Project. As of Dec 31 2010, Co. had total proved bitumen reserves of 605.9 gross thousand barrels (470.5 net thousand barrels).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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