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

Bullboard Posts

Post by shambano1on Jun 07, 2016 9:53am

127 Views

Post# 24941111

large shareholders

CNOOC controls 28,680,387 shares or 12.7 %

WP and WPX control 21,782,705 and 15,986,580 or 9.7 and 7.1 respectively.

this means that over 30% is controlled by 2 companies and maybe they want a decent return on their investment?

they might want out and have approached large companies like IMO or CVE to discuss mergers and then roll theri interest into larger and safer companies for the future???

just speculating here, but soemthing other than higher oil prices is driving MEG higher at this time and it's our job to figure out what and make money in the process??

any ideas anyone???

maybe JV with CNOOC?

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