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 quintessenceon May 17, 2016 1:00pm

47 Views

Post# 24881553

RE:RE:CIBC

CIBC is most definitely playing MEG. And by that I mean purposely pushing the price down.
Quite often first to push the price down to the next penny etc. Same game they were doing for several days now.
If they had the price sit at a certain level and not push the price down, I'd say they were providing liquidity to the market......not what's happening. IMO they are purposely pushing the price down.
They are the highest seller once again.
Just sitting here watching the price deteriorate as they dump. And they are dumping.......oh and now buying. Hmmmm. Suckering traders?

All IMO.

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