Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Bullboard Posts
Post by Carlos66on Jun 08, 2016 12:33pm
296 Views
Post# 24946747

Suncor 's cash hoard

Suncor 's cash hoardlet's not limit ourselves to Suncor just because they have raised  all this $$$$.

If this is just the start of bought deals  banks/VC will hope this is the case, many others will want to raise $$$$ to delever their balance sheets so some $$$$ will reduce debt, but some will want to increase their ability to increase production in anticipation of higher crude prices.

Cdn. producers/suppliers will want to keep their customers before the price gets too high & US shale gas producers decide to add rigs.

IMO this is the black swan event ....at what price do US shale producers suddenly decide...oh heck let's go for it & add drill rigs. The pace in the # of rigs going offline has been dropping. In fact one week there were no rigs taken offline.

Some say that US shale cos. need over $55./bbl to chance it, but I bet you dollars to donuts that there are some will want to get a headstart or jump the que.

Small window here before we get a drop in crude prices because of greed.



carlos
Bullboard Posts