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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 5:47pm
151 Views
Post# 25002782

Annual meeting

Annual meetingIt looks like MEG has done something different this year. In the past the Annual meeting was in May around the time of 1Q results. Now they've pushed it to end of June. I wonder if at the time they might have been expecting to release news about Access? Not that that should make any difference. Thoughts? Maybe they were anticipating better oil prices and more to share with analysts? I can see where discussions with analysts will be a lot more fruitful this June meeting. Management should be able to pump up MEG with better metrics.

Another side thought. We're heading into the July 4th long weekend and typically the US is positive. I can't see the UK threatening to walk away from the Eurozone a problem for the US markets during this time.

Britain leadership vote in September. Apparently the younger the population the more in favour of the Eurozone. Come September the ruling party could elect a new leader and this new leader could declare to call an election based on the leave vote. It's platform could be to stay in the Eurozone. Risky, but on the other hand they could get a whole new population of young voters.

All IMO.


Bullboard Posts