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 Aug 12, 2016 11:23am

63 Views

Post# 25135727

T.A. uptrend

---we are on a bit of an uptrend.
---RSI, CCI, Mone Flow Index, MACD, Stoch. have all turned up at the beginning of August. ($5.25 bottom?)
---SP has yet to get above the 20 day avg. ($5.89), 50 & 100 day avg. ($6.31)
---$6.31 level happens to be where the downtrend is broken & we have a trend reversal.
---although OBV is flat (it was down trending)! Volume is uninspiring & somebody is accummulating quietly, but not enough to move then graph it seems.

carlos

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