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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Bullboard Posts
Post by shambano1on Sep 06, 2016 12:18pm
103 Views
Post# 25210268

CVE and MEG merger a possibility

CVE and MEG merger a possibilitymaybe 2 meg shares for every CVE share and they can consolidate and get bigger much faster without spending cash on expanding foster creek and their christina lake operations.

if oil is going to be more predictable with russia and saudis deal, then mergers and acquistions might pick up.

just putting it out there, you never know.

I originally thought Imperial would take out MEG but CVE and conoco partnership can easily afford it.

just speculating here dyodd
Bullboard Posts