MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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

Bullboard Posts

Post by Carlos66on Nov 14, 2016 2:56pm

155 Views

Post# 25458507

chart looking good

---short term buy signal given a week ago or so.
---recovering from the head & shoulders formation in Oct. nicely
---need to get above the neckline ($5.70) & then $6.40 where we had a quadruple top formation to confirm a trend reversal.
---oil prices have to stabilize near $50 +/- .

carlos

Bullboard Posts

Rich TV Live's Stocks to Watch this week (Nov. 22, 2024)