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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 3:26pm
83 Views
Post# 24614247

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

RE:RE:RE:RE:RE:shamboner, you are an idiot....LOLI would agree with you if lower for longer is the case with price capped by shale oil. If we know that is going to be the case, i.e. $40-50 oil for the next decade, we would have to get out of oil sands altogether. It just my opinion, but I think we may be overly optimistic about shale oil's ability to come back from this, I am not sure how many shale companies still have the cash to drill the wells to bring back production once price starts to recover. Quickly declining production, declining cash flow, and stagerring debt will choke out more shale companies far more quickly than a lot of oil sand players as low oil price persists. Of course there are exceptions, Permian basin etc. Another factor on the other side of the equation would be the demand growth as a result of low oil price. With production remain flat or even increasing for CDN oil sand players, perhaps they will be the ones in the best position to captalize when oil price comes back.
Bullboard Posts