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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 BuyCanadianon Jul 09, 2016 3:21pm
165 Views
Post# 25038358

RE:paramount resources and MEG

RE:paramount resources and MEG
Very, very interesting.  I'm mostly into some other oil companies now but the merger and acquisitions are hitting close to home on MEG...

What really stands out on MEG are some of the same people here (although I only see half the discussions since the bashers and "village idiots" are on ignore).  These are "cheap trick traders" on MEG as they are on some other stocks like BTE.

The interesting thing about MEG is the very low share price in relation to book value.

Bullboard Posts