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.

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MEG Energy Corp

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Comment by BullishBaytixon May 30, 2016 8:46pm

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Post# 24917706

RE:RE:RE:RE:RE:RE:Nice strong downward close....

Nosepicker22 wrote: I buck in the last week? I'm not sure that's correct either...

I fully expected after I bought it that it would bounce back to the $7.30 range, as I was fairly certain oil would move up... which it did, but oil stocks seem stuck... not sure what the catalyst is to move this up, perhaps there just isnt enough money on the sidelines anymore and most has already been deployed elsewhere......... Is it just the sell in may and go away syndrome?

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