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

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Comment by BargainHunter88on May 12, 2016 3:06pm

61 Views

Post# 24867298

RE:RE:RE:RE:RE:House positions

Never too fast for MEG. This stock pulls out crazy moves all the time. Remember in the beginning of March when MEG rocketed from 4.30 to 6.88 in 4 straight days. I sold half of my positions at 5.70ish (and I remembered reading one of your post saying that you were stepping out) and the rest at 6.40 only to kick myself after. I am scared to make the same mistake with this stock again, even though it means I have to see it drop after a rally every now and then. When this MEG train takes off, it's impossible to get back on. The fundamentals are there, oppoturnities way outweigh the risk.

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