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

Bullboard Posts

Post by shambano1on Jul 06, 2016 11:21am

64 Views

Post# 25027427

API and EIA are 1 day late this week

I wonder if we will get any good news from these 2 reports?

I would guess that there should be a good size draw in inventories but not huge, maybe 2-3 million barrels and smaller draws in gasoline and distillates, if not increase in gasoline inventories.

oil prices should stabalize around mid 40's and maybe make a small recovery to 46-47 range.

all depends on the supply data, demand appears to to slwoing down again with brexit and eruo issues once again while USA is still recovering nicely, albeit slowly.

I was hoping to buy more meg at 6.13 and 6.03 today and the orders are in place but may not get there today but if we get bad supply data it will certainly move lower tomorrow.

it's all in the numbers.

GLTA

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions