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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Bullboard Posts
Post by guyf1963on Dec 15, 2015 9:27pm
49 Views
Post# 24386953

They will cap dirty oil read it

They will cap dirty oil read it

News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc
Also In the News (C-IMO) Imperial Oil Ltd
Also In the News (C-SU) Suncor Energy Inc

The Financial Post reports in its Thursday, Dec. 10, edition that after winning about five minutes worth of approval from the environmental movement for capping greenhouse gas emissions in the oil sands, Alberta Premier Rachel Notley is facing the uncomfortable task of deciding which projects get to benefit from her carbon budget. The Post's Claudia Cattaneo writes that despite a show of unity behind her "climate leadership plan," the culmination of negotiations involving Canadian Natural Resources, Suncor Energy, Shell Canada and Cenovus Energy, and four major environmental group, it is becoming increasingly clear that hell will freeze over before the rest of Alberta's oil sands sector lines up behind her with the plan as it is now. Laricina Energy head Glen Schmidt says: "The group of four doesn't speak for the industry. The group of four speaks for themselves. And now we need to get into the heavy lifting of how we are going to manage under the policy position that the government has stated." In addition to Laricina, the unhappy lot includes Imperial Oil and MEG Energy. The cap is so controversial, a debate about how to allocate it is raging behind closed doors within industry associations.

Bullboard Posts