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 22, 2016 1:33pm

55 Views

Post# 24987933

RE:RE:RE:EIA

It's a temporary blow back.
What entry point? Hmmmm.

June 16th oil dropped to $46 and MEG to $6.20. We're $0.26 from that low and oil is still above $48? Seems a little price sensitive.
Fundamentals haven't changed.
Production is still on the decline and nothings changed there.

Importing all that oil over domestic demand. Just goes to show shipping from overseas is still cheaper. Brent shouldn't have dropped in price. Where'd all the refineries get that extra oil from? Dummies.

All IMO.

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