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.

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MEG Energy Corp

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Comment by quintessenceon Jun 08, 2016 12:05pm

162 Views

Post# 24946563

RE:RE:RE:Why

Herd mentality.
Fundamentals haven't changed for MEG. MEG valuation at $49 WTI was ridiculous. Now we've had a bit of a correction and pullback and WTI is sitting at $51.
We should be well over $8.00 in share price and we're not.
End of the 2Q coming up and MEG should show a nice surprise upside.

All IMO.

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