Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > 18.40? LOL

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Post by MigraineCall on Nov 18, 2022 10:41am

18.40? LOL

One must be terribly desperate to sell MEG this morning at 18.40.

That's fine, I'll take them.

Added +10,000 shares @18.40.

Thank you!

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Comment by HighOctane89 on Nov 18, 2022 11:04am

Looks like the bottom is in , WTI in the $70's but O&G stocks are all moving back up . Looks like selling has been exhausted and the BS is over now , $20 by the close .

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Comment by alwaysmoving on Nov 18, 2022 11:36am

Definitly seems like a bottom is in, historically if oil was down 4% then we would be down 10%, great to see that isnt the case and buyers are loading up. Haven't bought yet today, but will definitely take the opportunity to average down. Lots of catalysts that could and will easily push oil back to $90... its the macro picture that's affecting us this week, will soon be behind ...more

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Comment by MigraineCall on Nov 18, 2022 11:37am

Patterns have mostly been buy oil stocks in the morning, sell at close. Oil drops at night. Repeat. Oil stocks will do well with time. Taking positiions on the drops in steps is the way to go. Who knows how long the paper traders will sell oil for. Holding oil stocks down is like trying to keep a beach ball underwater with these crazy FCF levels. Saudis not pleased at these prices, and have the ...more

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MEG Energy Corp