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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
Comment by guyf1963on Jan 13, 2016 5:00am
120 Views
Post# 24452801

RE:thanks to the guys that sold at 5.40

RE:thanks to the guys that sold at 5.40Lol. You were tanking people to sell you shares around 9.50. You were averaging down since your purchase at $20 plus. Wait in february it will be around $4.50. Plenty better oil plays out there with much less debt. Meg was piling the debt when barrel was at $50, barrel going to $25 soon, debt will just be overwhelming. If eventually they have an offer it will be disappointing too much debt, profits reduced by the carbon tax for polluters and new global warming targets for this summer tax will go up
Bullboard Posts