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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 BargainHunter88on Mar 02, 2016 2:25pm
58 Views
Post# 24613871

RE:RE:RE:shamboner, you are an idiot....LOL

RE:RE:RE:shamboner, you are an idiot....LOLI will be surprised if MEG gets bought out in near term. They still have a lot of liquidity, thus not desperate to sell the company. The deal has to be pretty sweet for MEG to even consider it. Based on the Suncor takeover of Canadian Oil Sands, which had far worse liquidity by the way. IMO will have to at least offer the bookprice for MEG, which will probably stand 0.4 IMO share. With all the uncertainty in oil and the negative political environment, I think it's unlikely for MEG to get any buyout offer at the price they will consider... It's possible that shorters reconginze the lack of takeover possibility and stay with their position.
Bullboard Posts