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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

Comment by nikeherculeson May 04, 2022 12:50pm
215 Views
Post# 34655435

RE:RE:RE:RE:looking good!

RE:RE:RE:RE:looking good!
Glad to see another MEG veteran Moemoney42!


It was gut wrenching back then. MEG had the hedges so I picked them up along with the big players (CVE, IMO, SU, CNQ). I figured the large caps would survive a covid holocaust.

MEG during 2020 was more like an option with an unknown expiry date.

I picked up a big position of CNQ around $20 during Trump's initial covid speech only to have it dive to below $10. That was painful!

It wasn't easy holding back then. The 1918 pandemic lasted 2 years and Wuhan was ending their lockdown, so that provided the insight to be patient. Rational vs. emotional mind definately at play.

I will continue to be patient with MEG, but I did sell the large caps into the fog of war.
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