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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 quintessenceon Jun 27, 2016 10:56am
69 Views
Post# 25001059

Oh where do I buy back in?

Oh where do I buy back in?How ugly will it get?
Million dollar question.
Really surprised rig count dropped Friday.
So that should mean a continued drop in production......which we all know but don't know how much.
The really surprising news I read in an article is that the Saudi's have been selling their reserves and the article suggested their reserves are quite low.
Should have a Brexit turnaround shortly I would think. Unless the politicians play this thing out and create alls sorts of stupid uncertainty and that tanks the markets world wide. Which is ridiculous as nothings really changed in the day to day life of most people.
Never underestimate stupid.


All IMO.
Bullboard Posts