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 10, 2016 4:27pm

184 Views

Post# 24956090

historic low drill rigs

historic low rig counts will not increase USA OIL produciton, not for a while yet and at much higher oil prices.

U.S. Breakout Information	This Week	+/-	Last Week	+/-	Year Ago

Oil	328	3	325	-307	635
Gas	85	3	82	-136	221
Miscellaneous	1	0	1	-2	3

Directional	45	1	44	-50	95
Horizontal	323	4	319	-340	663
Vertical	46	1	45	-55	101


Canada Breakout Information	This Week	+/-	Last Week	+/-	Year Ago

Oil	29	16	13	-39	68
Gas	36	8	28	-23	59