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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
Comment by shambano1on Oct 11, 2016 3:24pm
64 Views
Post# 25332008

RE:Q4, MEG could show a profit

RE:Q4, MEG could show a profitmeg needs to lower costs more and increase produciton and lower debt and all of these are not an easy task.

MEG has great assets with lots of running room and lower sustaining capital but the market doesn't like their high deb t levels.

it's time for a deal, either sell access pipeline or JV a major brownfield expansion whih will lower costs and increase produciton.

MEG is in the penelty box until they do something to prove they can susvive and nt only survive but to prosper as well.

good points low shares outstanding makes any takeover cheap on the shares front but still rich on the debt side.

q3 might have some positives.

dyodd
Bullboard Posts