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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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Post by oilconsultanton Oct 28, 2016 11:44am
46 Views
Post# 25398472

shambone you are so dumb....LOL

shambone you are so dumb....LOLwhat a  dummie.  lowns meg shares from over $35...LOL  now says he was short, short on brains that is...LOL

he owns pmt at $100 a share post rollback... now $1.80 for a 98% loss

so meg, cash flow NEGATIVE thru 3 qtrs this year... losing huge money, cannot cash flow the money needed to just maintain their asset, they go further into debt... they owe $5 billion and are losing money and they are cash flow negative...

meg is screwed, they put maybe 7 billion into this assets and it is losing money...LOL

sounds like the kind of junk shambone would own...LOL  my gawd, $5 bill in debt and cash flow negative?  that is a lousy stock you dummies...

buy some nwx... I got a 40 bagger and it made money at $30 oil... paid out special dividends the last 2 years while others slashed divys... this is a winner... not meg, meg is junk..LOL
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