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 > Shubham Garg O&G outlook

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Comment by jleer42on Oct 17, 2022 11:09pm

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Post# 35030551

RE:Shubham Garg O&G outlook

Didn't get through the whole thing before, it is 4 1/2 hours long. In the Q&A MEG comes up again at 4:02:55 Really worth a listen as he discusses the thesis as to why MEG is so good.

High points are the number of big investors who know the true value of MEG which is why the Husky offer wouldn't go thorugh. With the 50% FCF going to share buybacks the margin traders will be eliminated leaving mostly the big block investors. He also mentioned if generalists come back they are looking for a liquid stock with high NAV which MEG fits to a tee.