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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 Apr 24, 2016 5:53pm
43 Views
Post# 24804381

RE:RE:RE:It would be too transparent

RE:RE:RE:It would be too transparent
69chevelleSS wrote: Bro when I sell something I buy something and fortunately more Pou up 8%...had too much Bte. Play the game dude. Sold the rest of Meg this afternoon $7.30 bought more Yri $5.33...actually bought some Vrx  also only 300 shares. Sold some Bte for that. I will admit I'm not always right. But today was awesome.


VRX and BTE look interesting to me too. Seems like the media is running away with them selves on VRX making unfounded claims regarding fraud and asset values. The biggest risk there is sentiment/reputation damaging to sales, but I doubt many people will switch/stop taking their drugs. Cash flow will be bad for MEG on Thursday. Debt should be reduced with the strong CAD. That will also boost earnings on paper, but could be negated by an impairment write off.
Bullboard Posts