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 17, 2016 3:54pm

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Post# 24975644

RE:weekly drill rig data

Oil jumps on the conservative increase in rigs?
I guess we keep waiting on the EIA report 'cause that API just lost all credibility that last couple of weeks.

Came across this article on Devon and Access Pipeline
https://www.benzinga.com/analyst-ratings/analyst-color/16/06/8120147/bmo-raises-cash-flow-and-earnings-estimates-for-devon-en

"This implies ~$0.8–1.0 billion for Access, with the midpoint above our $0.8 billion estimate," analyst Phillip Jungwirth wrote in a note."

Substantially less than what MEG anticipated and good reason to hold off until the market improves? Or maybe not?

I say reduce debt now and go for a takeover of Suncor.

All IMO.

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