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.

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MEG Energy Corp

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Post by shambano1on Sep 08, 2016 11:13am

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Post# 25217853

MEG in the 6's finally

but can it hold this new territory??

we shall see but if we get any kind of short covering on the back of this weekly storage report maybe MEG can even get back into the 7's with higher oil prices.

produciton is increasing and costs are decreasing both good things leading to better results in q3 and q4.

don't get me wrong MEG still has challenges, namely debt repayment but they do have some levers that they can pull in order to lower debt with asset sales and or JV partners to help increase produciton.

glta

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