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.

TSX:MEG - Post by User

MEG Energy Corp

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Post by Goldenhawk78on Oct 05, 2015 10:11pm

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Post# 24165856

Batter Up

Just like the COS deal was being rumored for the past two weeks in the patch, the MEG deal has been discussed at nauseaum and it really seems that Cenovus and MEG are on the radar of IMO, access to a storage facility and pipeline make MEGS balance sheet mangable based on several FP and CBC articles today. Interesting the Hostile takeout of COS was discounted with a longterm $70 to $75 price of oil. Let the dance music start to play ....

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