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 oil991197on May 18, 2017 10:45pm

66 Views

Post# 26262775

RE:RE:RE:RE:Short positions

You're an a$$...but not entirely wrong. When I end up long, it's generally a failed trade. So unfortunately I'm now long here but have reasonable expectations that it'll pay out in the near term....but if WTI doesn't push $52 in the next couple weeks, it's either bail at a small loss to free up trading $$ or hold the bag loooooonnnggg and sit in the waiting room with the MEG dough. Don't like either options frankly...clearly this is not the market of easy money like it was last year at this time with oil and weed (and it's BS to pretend its been all that easy for shorts either, the recent market has been a grind on both sides).

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