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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Post by quintessenceon May 11, 2016 10:53am

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Post# 24861900

API vs EIA

API says yesterday surplus 3.45 million. Which it appears no one believed.......egg on API's face and tough to now believe.
EIA comes out this morning saying stockpiles fell 3.4 billion and oil jumps.
Gas stockpiles drop 1.2 million and distillates fell 1.6 million.

Bottoms are in it appears.

All IMO.

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