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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 shambano1on Dec 12, 2016 11:17am
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Post# 25585716

MEG's capital budget for 2017

MEG's capital budget for 2017
most companies have already issued their capital spend for 2017.
 
I don't believe that MEG done so as yet?
 
interesting that they are waiting before announcing their 2017 program.
 
whatever reason would they have to wait this long before revealing their capital program>????
 
 
share issue coming to a broker near you.
 
maybe 9 is a more realistic issue price.
 
20-30 million will be over subscribed for sure and mEG will get breathing room to grow production by 15-25,000 bpd by 2018.
 
interesting by increasing production it should also increase the value of the access pipeline since it's not filled at this time and the more oil they ship the more money the pipeline will make.
 
WIN WIN for MEG in the long term
 
i'm just speculating here

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