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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 Swanbhanon May 26, 2016 4:43pm
138 Views
Post# 24908092

RE:I know IMO is kicking some tires looking for a barnyard find

RE:I know IMO is kicking some tires looking for a barnyard findSelling price are being managed with such large sell volume. Credit Suisse sold 400K and Anonymous trader close to 700k. 

For whateever strategic reasons.

From a fundamental standpoint i dont see anything has changed much other then the price of oil, which is going up and cost of diluent which has been up as well and putting pressure on the cost side.

Unless market has come to believe that Oil is not going in 55 to 60 range then i dont see any reasone for such a sell pressure,


I have heard some rumors of CVE buying MEG but dont know how true it is!
Bullboard Posts
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