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.

TSX:MEG - Post by User

MEG Energy Corp

Bullboard Posts

Comment by BargainHunter88on May 11, 2016 3:14pm

83 Views

Post# 24863138

RE:RE:RE:Wow

Even though I would hope for some kind of deal, but I have to agree with BullishBaytix, given all conditions being equal, the simplest explanation tends to be the truth.

The shorts have been taking this down for the last 2 weeks. Last time something like this happened, the short cover took Meg from $4.30 to $6.60 in 4 days. The end game for shorts is pretty close and there is not much meat left on the bone and that bone happens to be laying in the middle of the rail road.

Bullboard Posts

Invest wiser with BMO's InvestorLine Platform features