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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 shambano1on Jan 29, 2016 9:48am
51 Views
Post# 24505068

RE:RE:RE:Something Brewing Here

RE:RE:RE:Something Brewing Herewe know that one large institutional investor has stated they will be selling a portion of their holdings but they didn't state when and at what price.

so your statemetns that they are desperate and selling at any price are totally ficticious and very miss-leading,  maybe your trying a little too hard to scare investors.

unless you are in daily contact with this large private fund, I doubt very much that you know anything about what they plan to do.

I have said repeatedly and there is no denying, MEG is a high quality company with high quality assets and the operating costs should convince anyone that they can make good CF at low oil prices.

the only negative on an otherwise unbleamished balance sheet is long term debt and with the access pipeline sale, that too will be resolved.

I speculated that MEG will get taken out but if oil prices rise any further or a deal is made and even if a deal isn't made and Russia has to decrease production because they are lossing money, oil will slowly recover back into the 40's in 2016 and even maybe touch 50's.

if anyone wants to buy MEG they had better hurry up, because the investment phycology is changing and shareholders will n ot want to get hosed with a low ball offer.

MEG is a great long term hold for higher oil prices but DYODD
Bullboard Posts