MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas Refining & Marketing

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 shambano1on Feb 02, 2016 10:52am

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Post# 24516020

RE:RE:RE:RE:RE:RE:RE:RE:meg will do ok today - just watch

although they won't make a ton of money with oil under 50 wti and depending on the differential and CND exchange rates, they can survive.

I still believe there is someone out there that cuvets the christina lake assets, they are very high quality and don't require huge capex investments, so MEG can easily survive.

countries will fail before MEG fails, Nigeria, argentia, brazil, maybe even russia is oil stays low for years.

Saudi Arabia can survive but many open nations are in a world of hurt and with the wars raging in the middle east, it won't take much to spark oil prices much higher.

but it's definitely volitile and I would buy some gold now while it's cheap.

GLTA

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