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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
Comment by shambano1on Jul 05, 2016 7:34am
47 Views
Post# 25022175

RE:RE:RE:RE:shambooo and tofferrrr - are obsessed with ideaman

RE:RE:RE:RE:shambooo and tofferrrr - are obsessed with ideamanI didn't say I haven't been called away, quite a few times actuality but it keeps falling back up and down and sometimes haven't been called. I'm trying to point out another way to make money in a sideways market. They r paying up to 10% on a 2 month option ,. Of course I'm going to drill calls. And Meg back to 6 or lower they are paying over 20% on put contacts. I'm not saying buy and hold don't make money , but there are s lot of risks in thus market, brexit us just one of many. I bought meg for the takeover plain and simple but I may have been wrong so I changed strategy and do far I'm making money. More than one way to skin a cat plus I don't need a huge position which could be a good thing if markets take a bug dump, which is looking more and more likely. Oh well meg going up today for sure right????
Bullboard Posts