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 guyf1963on Feb 15, 2016 12:59pm

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Post# 24559419

RE:RE:Oil to remain around $30 in 2016 look at forecast

Shambano, next year when the barrel hits $35-40 rigs will be back for the shale plays. As simple as that. They dont wanr to produce at a loss as meg does. Meg keeps piling on the debt big times, limits their production to less of 2015 with the barrel sold at a loss plus the dirty oil producer tax imposed on tar sands. Meg is unhappy about that

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