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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Comment by wallop13on Nov 18, 2015 11:32am

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Post# 24300944

RE:RE:COS and MEG takeovers

materialsgirl wrote: I paid more than $20 for MEG but I think that a $20 takeover offer would be fair.
I would like more money but being realistic .....

The new Harper (aka Trudeau) would almost certainly block an overseas company from buying MEG and certainly a takeover by a state owned entity would be a non-starter

My 2¢ worth

mat

I think $20 (10 billion) is unlikely with WTI at $41. You probably bought in around $60 WTI. You also need to consider that MEG was trading at $8 when SU announced the COS offer, so there's already a premium on takeover speculation. I was super light on crude stocks at $60 WTI, but even so, I'm down on what I did have. As long as you're winning more battles then your losing in the long run it's all good.

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