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 14, 2016 3:13pm

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Post# 25600053

without more cash into MEG's coffers

a fair offer for meg is 7-8 if oil stays over 50 wti

but if oil falls under 50 wti for whatever reasons be it;

1-non compliance on quotos

2- strong USD and higher interest rates

3-increased production from non deal producers like canada and USA, north sea, norway, etc

then oil could fall under 50 very quickly and MEG will fall along with oil prices.

I'm a buyer of MEG if it breaks below 7 and I'll wait to see how all of this deal making and higher interest rates will pan out for the markets.

nothing is guarantteed in this world.

GLTA

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