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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Bullboard Posts
Comment by wallop13on Nov 26, 2015 10:02am
37 Views
Post# 24327746

RE:RE:RE:Time to depart the MEG ship IMO

RE:RE:RE:Time to depart the MEG ship IMO
guyf1963 wrote: Agree with ghe time lines, they were always exceeded by a lot. Last few times though was relating mostly by an extreme storm event in Texas and the latest dotting i's crossing t's with their partner to recuperate part of the relinquished share of flow rate. The likelyhood of crs tanking at 0.10 is very small imo but the chances of a double or more is extremely probable. They will start being cash positive and they will likely get more land. Dont think that the next two months will be bright in regard to meg, stars are aligning that way imo. Glta though


Hard to say with MEG. You could wait on the sidelines until we see a recovery in oil, but you're likely to not be around for a takeover or sale of access. You will also see COS shareholders moving for SU to MEG if that sale is successful. Most mid cap (COS) guys won't want that same money in large cap. Tax loss will most likely see people moving from one oil stock to another for the required 30 days and then back to their top picks.

Bullboard Posts