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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 Apr 12, 2016 12:19pm
73 Views
Post# 24756877

RE:pullback????????????????

RE:pullback????????????????A lot of money is waiting for a pull back in energy sector so they could get in. But the pull backs have been disappointing dispite the recent dip in oil price to 35ish, with oil set to end at least $50 at the end of the year.. It is difficult to keep a wave of selling going even when oil dips down. In a rear view mirror, anywhere in the low 6ish would have been an excellent entry point, perhaps the low 7s would be viewed as a good entry point in a few weeks.
Bullboard Posts