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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 shambano1on Nov 14, 2016 3:32pm
161 Views
Post# 25458747

late day push to 6???

late day push to 6???now that would be very telling IMHO

getting over 6 and then issuing shares to paramount on a JV deal to increase produciton to 100,000 bpd in 2017??

IF MEG can lower costs further by increasingtproduciton to 100,000 bpd then costs will come down significanty as well, thereby alowing MEG to sell access pipeline and sign a long term transporation contract for shipping bitmen down access to  edmonton and then furhter south.

We need cash to raise production and then things will get much better on the debt front and then costs front and increased CF as well.

just speculaitng GLTA
Bullboard Posts