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 29, 2016 11:38am

128 Views

Post# 25290739

RE:the buying is just beginning

there will be tremendous pain for the shorts if they don't cover by tomorrow because Russia is waiting in the wings, so say they are joining OPEC is limiting produciton growth or maybe even cutting back a few hunfred K barrels.

ouch for the shorts, they tried to down play OPEC news this morning with skepticism, but the market is much to smart for that.

MEG will close around 6.25 today if not higher, don't get caught short my friends

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