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

Bullboard Posts

Comment by shambano1on Jul 18, 2016 5:39pm

50 Views

Post# 25063168

RE:RE:RE:RE:ideaman 5.80 here we come

No not really, the oct 2016 7 put contract is selling for 1.00-1.20.

if I sell this contract I am effectively getting it for 5.80 if the SP stays under 7 by the third friday in October.

if MEG is above 7 I don't get to buy it but I made 1.20 for my trouble and I'm real hjappy with that outcome as well.

win win noideaman

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