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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. 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 HighOctane89on Nov 15, 2022 11:36am
200 Views
Post# 35100044

RE:RE:RE:Out from Raymond James

RE:RE:RE:Out from Raymond JamesI don't understand how there are headwinds for MEG but nobody else .......... it makes no sense . When you consider Meg sells over 50% of its product at the US gulf coast I would say that Meg has a better price buffer than most CDN producers . 

We all know these companies are rolling in FCF , Meg has paid down over $1.5B since covid hit and will owe less than $1B by years end . With only 300M shares in the float , when this takes off it will run hard . It would be nice to get some fair analyst coverage somewhere in the near future considering this is one rare sector that continues to be profitable . 
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