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 shambano1on Dec 05, 2016 3:22pm

97 Views

Post# 25556410

MEG will need more cash to grow production in 2017/18

how will they get this cash?

1-sell access pipleine?

2- issue more shares in a secondary offer of 25 million at 8?

3-enter into a JV with a major to increase produciton in 2017 and 2018

4-issue rights to current shareholders to buy more MEG shares and not let the banks make the money with a secondary offer. In this way the little guy can exercise his or her rights and get more MEG shares.

I'm I missing anything?

5-they could also sell royalty interests and for cash up front and sell produciton as they increase production.

or someone could just buy the whole enchalada???

just specing here

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