MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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

Post by Carlos66on Jul 19, 2016 11:03am

62 Views

Post# 25065050

chart is in neutral since Feb.

---tech. indicators are flat & the chart is showing a wedge=lower highs & higher lows.
---it seems that a lot is hanging on the next earnings or rather forward guidance.
---heaven helps us if they disappoint, because we will be down to $5.50 in a heartbeat
---what happens if oil drops again to $39-41. which I heard on CNBC by some analysts the other day who are saying another bout of weakness coming.

carlos

Bullboard Posts

How one company is disrupting PoC testing