MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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 BullishBaytixon May 30, 2016 10:02am

99 Views

Post# 24915465

RE:calling all naysayers

2015ideaman wrote: when did you say meg going bankrupt again....I want to make sure I get out before she goes to zero.....

They have a 2.5 billion line of credit that they stated they wont need to use for all of 2016 and are trying to sell a 1.5 billion dollar asset, how exactly are they going bankrupt? My math doesnt add up to bankruptsy.

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