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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.


TSX:MEG - Post by User

MEG Energy Corp
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Post by shambano1on Jul 12, 2016 3:41pm
159 Views
Post# 25045753

funds are buying MEG today

funds are buying MEG todayhow about some short covering maybe maybe.

why would you be short with access sale news around the corner and possible JV news with POU who already own 3.7 million MEG shares?

I could not understand the short case, yes MEG has debt but they also have some wonderful low operating cost assets and 1.5 billion into their coffers changes everything.

hold MEG tight , it will be harder to trade now with news immenent??

of course DYODD
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities