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 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.

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MEG Energy Corp

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Post by Goldenhawk78on Sep 24, 2015 11:02pm

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Post# 24134233

MEG A Top Takeover candidate of IMO or SUNCOR

Great G&M article today talking about how at current prices both Cenovus and MEG represent great captial allocaiton targets for M&A for companies like IMO and Suncor who have lots of cash. These projects represent a cheaper development option then further developing their current oil sands projects. With price stability in the $40 range investment bakers are pitching hard for consolidation.

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