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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
Post by shambano1on Sep 09, 2016 2:12pm
48 Views
Post# 25222959

5.80 anyone?

5.80 anyone?MEG seems to find some  support around 5.80 over the past few months.

maybe we get there today and maybe not, hard to say but it's trending back down because of wall street scare tactics from energy analysts.

the analysts are saying to expect a big build next week as the storm abates but even if we get a surplus it won't near 14 billion in oil and 4.5 million in gas and the us might start to slow down a little in imports becasue of fall maintenance coming up later in september and october.

i think there are still disruptions in the gulf which could swing the numbers into draws even for this week, and possible more storms on the horizon, I think 5.80 is a good entry point for me.

keep an eye on 5.80 for today but save some powder for monday because that might also be a bad volatile day and a good buying opportunity.

GLTA and DYODD


Bullboard Posts