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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 righand99on Feb 04, 2016 10:02am
51 Views
Post# 24523594

MEG Energy Corp posted a bigger quarterly loss....

MEG Energy Corp posted a bigger quarterly loss....Feb 4 (Reuters) – Canadian oil sands producer MEG Energy Corp posted a bigger quarterly loss, hurt by lower oil prices and a strong U.S. dollar. The company's net loss widened to C$297.3 million ($217.4 million), or C$1.32 per share, in the fourth quarter ended Dec. 31, from C$150.1 million, or 67 Canadian cents per share, a year earlier. The company's operating loss, which excludes most one-time items, was C$140.2 million, compared with a profit of C$8.1 million in the same quarter of 2014. ($1 = 1.37 Canadian dollars) - See more at: https://www.rigzone.com/news/oil_gas/a/142883/MEG_Energys_Quarterly_Loss_Widens#sthash.GqkYQLNY.dpuf
Bullboard Posts