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 Jun 02, 2016 2:58pm

62 Views

Post# 24928104

RE:RE:Consolidation!

Can you really see us going lower?
In the last 3 of years we've had at least a $2.00 uptick heading into July. Counting on that to happen again, especially after this consolidation. A rising oil price should have been the catalyst a month ago. 2Q ends soon and recognition of potential profits should be better in the weeks to come.

All IMO.

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