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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
Comment by shambano1on Jan 12, 2017 1:19pm
115 Views
Post# 25700152

RE:increasing offering

RE:increasing offeringwell if the demand is there then I think this is a good idea on their part to get as much as they can now just in case things turn down for whatever reason.

at least they don't need to worry about financing for the next 2 years if they watch how they spend the cash, slow down if oil falls back and conserve and just nice slow steady and steady increase.

so that's a good thing.

glta
Bullboard Posts