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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 potofgoldon Sep 03, 2019 1:54pm
186 Views
Post# 30091128

Peak Oil

Peak OilSeems like yesterday when Matt Simmons wrote about peak oil and how Ghawar Saudi's large oil field was running on empty and oil was going to 200 dollars a barrel. It is hard to predict the future.The world still requires 100 million barrels of oil per day and climbing. We still need oil until everyone can afford an electric car which will not be in my life time or electric aircraft and everything else that runs on gas. If money does not come back into the oil patch some of these companies will be able to pay enormous Dividends
Bullboard Posts