MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas Refining & Marketing

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

Bullboard Posts

Post by shambano1on Oct 19, 2015 3:35pm

136 Views

Post# 24205849

MEG drop seems a little overdone

maybe lack of a competing offer for COS or because the CEO of COS said they have not discussed a better offer from IMO, so the market beleives that takeovers will be far and few.

but maybe just maybe, SU buys COS without a competing offer and then magically IMO buys MEG without a completing bid.

no colluding, no discussions, just business 101, buy good assets at good prices and you will make money during the cycle and don't over pay or get into biddign wars.

I think these CEO's know what they are doing.

I did buy a few more shares today for long term gains. but short term may get dicy for sure.

know your risk and invest wisely. nothing is guaranteed

Bullboard Posts

Global Tungsten Market and Supply Security