...May 2, 2024 What's new: We have updated our base-case scenario to reflect our current oil and gas price deck and Canadian macroeconomic assumptions. S&P Global Ratings has updated its 2024-2025 base-case scenario for MEG Energy Corp. to incorporate its revised oil and gas price assumptions published March 11, 2024, Canadian macroeconomic assumptions published March 26, 2024, and the company's 2024 capital spending and production public guidance. Based on MEG's consistent ability to achieve its targeted production in the past, S&P Global Ratings estimates that 2024 production will be at the midpoint of MEG's published guidance. As we expect production growth accruing from the C$100 million of growth spending included in our annual 2024 and 2025 projected capital spending assumption to occur beyond our two-year forecast period, we are maintaining 2025 projected daily average production at 2024 levels. Why it matters: Updated projected credit metrics continue to support our financial risk...
