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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
Post by oilconsultanton Nov 04, 2016 3:02pm
101 Views
Post# 25425911

stop dreamin.... use your head... LOL

stop dreamin.... use your head... LOLyou suggest they might reduce the debt to $2 billion.... from over $5 billion now.... HOW??

the half share of the pipe is not worth $3 billion  you are dreamin big time ... that is simply a very poor way to plan your investments...LOL

do yourself a big favor... go to the NWX website and read thru the last years of news releases... even two years or so.... see why that little outfit is making money, has zero debt, has cash and is having drilling success... then look at meg, no capex, it is being reduced again and again. the debt is huge, cash flow is negative they are losing money... and they owe $5 billion.... then do what is obvious, sell meg and load up on NWX shares and you will make money for a change...LOL
Bullboard Posts