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 shambano1on Apr 28, 2016 10:13am

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Post# 24819852

RE:RE:RE:Nicely done MEG management!

I think the rise today has more to do with SU's purchase of Murphy's 5% of syncrude than the q1 report.

I haven't done the math but on the surface it appears that SU paid more for purphy's stake then they did for COS's stake but I could eb wrong.

this puts a floor under MEG for sure because it proves that there is still a market for low priced oil sands assets but the buyers list is very limited and I'm not sugesting SU will go after MEG.

I think IMO wants MEG or a merger with CVE with a share offer .

yes interesting times for sure

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