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.

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MEG Energy Corp

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Comment by rockoil29on Mar 10, 2017 12:27pm

101 Views

Post# 25964070

RE:RE:RE:another HUGE oil sands player throws in the towel!

For every sale there is a buyer. As for MEG Energy , with 3 billion barrels of Proved and Probable reserves, 5 billion in debt may prove their undoing with no improvement in Prices. However with your attitude we would still be eating grass and swinging from the trees ! The rewards go to the risk takers!

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