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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
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Comment by shambano1on Sep 14, 2016 3:16pm
110 Views
Post# 25237182

RE:Not getting the trade today

RE:Not getting the trade today
Power1 wrote:
Oil down over 2% and meg trading up over 3%.  Forex not favorable for their US based debt either

Something fishy in my opinion.  I'm waiting for the pullback to reload shares I unloaded at 6.20... because this is irrational.  My thoughts are we should be around $5.30 -5.35 today tops

Any thoughts on the unique strength being exhibited today?


the market is smelling a deal between CVE and MEG and consequently MEG is going up and CVE is going down.

The deal will be an all share deal although I don't have the exact ratios at this time.  I suspect 1 CVE share for ever 1.8 to 2.2 MEG shares which means MEG will continue to go higher as the offer gets finalized by both boards.

please take this opinion with a grain of salt it's pure speculation on my part but there are benefits for both companies and they keep the 50% of the access pipeline under the new corporate structure.

again jsut guessing DYODD
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities