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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

Energy Oil & Gas E&P
MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

MEG Energy Corp > closing price on this Friday - My guess $21
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Comment by Paray99on Dec 01, 2022 8:52am
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Post# 35142409

RE:RE:RE:closing price on this Friday - My guess $21

RE:RE:RE:closing price on this Friday - My guess $21

Looks like it could hit closer to $20.50 today, marching closer to my weekend guess of $21.
But, it is not going to end there, as OPEC is planning to further production cuts, while Europe trying to stop all the Russian oil. Things are not adding up correct, but we as investors don't care as all these will boost our oil investments. 

At some point, US will start to replenish their SPR and that will bring down the differentials on Canadian crude. So, MEG, ATH, etc. will be rewarded huge

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