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 Oct 18, 2016 9:04am

106 Views

Post# 25354924

RE:RE:RE:Expecting a rise into earnings

on the flip side, if MEG can show an increase in produciton to 85-90 KBPD and the associated lower costs, then we could see a nice pop to 6 and higher.

right now everyone is being caucious about takeovers and spending more money on oil projects, but as the POO goes up and we know it will just because future projects have been canceled or delayed.

so longer term MEG will be a good investment, it's just a question of when will oil go back over 60?

GLTA

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