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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 Gashole1on Aug 01, 2016 5:04pm
77 Views
Post# 25100814

RE:RE:MEG going under 5 tomorow

RE:RE:MEG going under 5 tomorow
habt2016 wrote: it can go under 5 nobody knows for sure, last time it goes under 5 crude oil was weaker and the whole indecies fall down due to huge risk globally. Now their is no risk, other indices are hovering all time high and crude is the only weaker now, I don't believe it will go down less than 5. it might happen the stock is meg, which is surprise often times.

It usually trades similarily to BTE and BTE closed down $10% today. MEG never reached the lows that BTE did earlier this year I should also pont out, so perhaps it might have a floor, or it might hit 52 week lows if oil keeps dropping well into the 30's. 

Bullboard Posts