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 onec007on Mar 06, 2019 12:20pm

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Post# 29450099

RE:RE:Line 3 Delay Makes Devon CASH OUT Strategy More DIFFICULT !

Devon can still sell if they are willing to take a significant writedown and ask for significantly less than there $7 to 9 billion that they are seeking. In this environment they will be lucky to get $3 billion. I'm glad that Cenovus was able to sell their assets and got decent pricing when they did last year. The Canadian political climate for oil and gas sector is by far the worst. Simply cant wait until I can get out of them all.

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