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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Comment by Lostinmarket123on Jan 21, 2016 9:05am

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Post# 24479924

RE:RE:Imminent bankruptcy

I don't know how long you have been investing ... But when major share holders want to exit at low prices it means something really wrong gonna come out ...this thing will not rise over 6 but can go below 2 ..so save your money...look at short interest build up and momemtum and look at major holders .. In this case. All 3 point to bankruptcy or a terrible how's coming

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