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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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Comment by oilconsultanton Mar 01, 2017 3:46pm
41 Views
Post# 25914630

RE:The AMAZING Economies Of Scale In Finance Expense...

RE:The AMAZING Economies Of Scale In Finance Expense...what  a dumb post...LOL  the take away should be, interest exp of $300,000,000 and where the hell do they get the money to pay debt of $5,000,000,000 !!!  an enormous number for a money losing operation...LOL  could they get into any more trouble?  if you cannot see the financial mess they are in, and the hopelessness of the situation, then you are stupid as hell...LOL

they owe a staggering $5,000,000,000 and are losing money!  LOL

they need at least $300,000,000 a year just to go into interest payment and are losing money!

they are so screwed it is hilarious.... how anyone can be so stupid as to think they survive without going thru bankruptcy?  well ain't so...LOL

WOW the numbers are staggering and not is any good way!  LOL
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Dealroom for high-potential pre-IPO opportunities