MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

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

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Comment by Gashole1on Jun 04, 2016 8:46pm

95 Views

Post# 24934875

RE:Things that make me go hmmm......

Power1 wrote: I'm a little surprised how the spread in comparing MEG to BTE has diminished in the past two months.

I was reading that the cost of condensate which is used to dilute the bitumen for shipment has risen substantially and since they need a lot of it to dilute the gooey thick bitumen, this has decreased their potential margins as oil has risen in price. So this might be part of the reason why the shares have been lanquishing so badly. I mean it was well over $7 not that long ago, and BTE hasnt been $7 since last year. Now BTE is way past MEG share price.

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