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.

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MEG Energy Corp

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Post by shambano1on Sep 29, 2016 9:13am

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Post# 25289688

Russia next to drop bombshell

No one expected this deal and no one is expecting Russia to join in and capp their production. Just wait and see what Russia does but if they do the unexpected, wti will rock to mid 50's over night and shorts will get slaughtered. I'm not short meg but if I were I'd be running for cover and fast. Russia could say something as soon as tomorrow because they to were meeting behind the scenes do you can bet they will be involved. Last chance to cover shorts before Russia announces they will capp production.

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