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 Sep 02, 2016 11:06pm

56 Views

Post# 25205101

RE:I don't mind shorting to make money

shambano1 wrote: but why do shorters have to make up all kinds of lies to support their short positions?

if you have down your homework and think shorting is good risk/reward then the reasons you went short should suffice, why do you have to make up all kinds of false statements and inuendos to support your bear case??

oil is in over supply and prices will go lower is all you have to say?

if you are an oil bear then short MEG, and if you are an oil bull then go long.

if you think someone will want to buy MEG, then go long.

if you think MEG will sell their pipeline and get a good price , then go long.

if you think MEG won't get decent and fair offers in this current market then short or sell MEG.

all the other BS is just that BS and posters that post that BS, are just trying to scare you into selling or convincing you to short which helps their short cause by adding fuel to the fire.

MEG has 400 million cash reserves, 2 billion credit facility and a premium low cost SAGD operation and low capex to grow and expand if and when oil prices recover.

but I have always been honest they need to address their debt to help support the SP.

that is my analysis on MEG without the BS