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 oilconsultanton Mar 27, 2017 1:09pm

65 Views

Post# 26036405

Marky

you do know MEG has a staggering $5 BILLION in debt... DEBT has to be repaid and with MEG always losing money, how would you suggest MEG repays that debt? any idea? LOL

gawd man, smarten the hell up... MEG is so screwed... so screwed...LOL

$5 BILLION!!!! FIVE BILLION in debt... and they los money on their production...LOL

they took on $5 BILLION in debt to operate a money losing operation... this is a terrible company, in serious trouble... find a good stock like TAO with NO debt and cash to drill.... not junk like MEG with massive debt, losing money, issues perhaps with the US border tax coming.... and the discount on CDN oil... etc.... too much risk... hell MEG simply has to go thru bankruptcy to discharge all this debt... they cannot repay it ... not a hope in hell.... they are always losing money...LOL

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