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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

Post by 60606060on Jun 22, 2022 11:51am
285 Views
Post# 34774232

Saudi Oil at it's limits. Biden can only dream for more.

Saudi Oil at it's limits. Biden can only dream for more.
If the polls are to improve for Biden, don't depend on lower gas prices to improve them. Demand for oil will only increase in the coming months, and the supply will only drop. In 6 months, Russia will probably cut oil and NG to Europe and supply from the Middle East will likely be going elsewhere. So, where will prices be 6-8 months from now?
NNRG ETF stocks are ready to pay BIG returns. I also like BIR because the plan is for an $0.80 DIV in 2023. And the SP right now is under $10. 
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