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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

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

Comment by ztransforms173on Nov 15, 2023 4:07pm
304 Views
Post# 35737781

RE:RE:Dennis da Silva's Top Picks - MEG

RE:RE:Dennis da Silva's Top Picks - MEG- BNN Andrew Bell LOOK SURPRISED when told that MEG could go to BOP of 300,000 to 400,000 bbls/d

LOL !

- actually, JUST Chistina Lake has REGULATORY APPROVAL and ACCESS PIPELINE CAPACITY of 210,000 bbls/d


- in the recent CC, CEO Derek Evans stated that SURMONT is an EVEN BETTER ASSET than WORLD CLASS Chistina Lake

* although MEG let the Surmont REGULATORY APPROVAL LAPSE as DEVEOPMENT was MANY YEARS AWAY 

- on ACTUAL RESERVES, MEG 'could' GO TO to a BOP of 490,000 bbls/d (from the HUSKY ENERGY 2018 BODs circular)

*there is still PLENTY of UNEXPLORED/UNDELINEATED lease areas

- Dennis da Silva mentions Suncor Energy as a POTENTIAL SUITOR to acquire MEG Energy but my money is on Cenovus Energy

* IMO is also another STRONG POSSIBILITY

z173


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