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 > MEG is getting more traction….

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Comment by jleer42on Jan 06, 2023 9:31am

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Post# 35206539

RE:RE:MEG is getting more traction….

They aren't considering that until they get debt to below $600M, which at best is the end of 2023 with $100WTI for the year. Anything less and you are looking at 2024 or later.

I am long on MEG, but realism suggests patience and accepting a steady as it goes year. Buybacks, lower debt, and overall market sentiment can re-rate MEG in 2023; but no dividend.