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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 BargainHunter88on Mar 03, 2016 10:39am
55 Views
Post# 24617101

Shorters seem awfully quiet today

Shorters seem awfully quiet todayAlways knew starting a short position on a company so beaten up with almost no meat left on the bones is not worth it. Especially one with good fundamentals, all the big fish had taken their profit long ago (the last short covering rally in Feb). Wish I had more cash to buy more on Monday when shorters beat it down. Now comes the squeeze.....
Bullboard Posts