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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Comment by shambano1on Nov 25, 2016 7:43am

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Post# 25512406

RE:On the new SP high, Vikings, and Valuation

Of course shorter will.come back once a deal is struck and I'll be one of them but at higher prices of course. I think Meg can get into mid 7's or even higher if the opec deal is a good one with over a million in reductions but they still have debt concerns, and growth concerns, so locking in gains is a good idea, be it selling long position or hedging or shorting. If and when Meg can sign jv deal, or access pipeline sale or raise capital to fund growth, then I'll go long again, hopefully at lower prices but not necessarily as the risk profile will change. Make money going up, make money going down. Gkta

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