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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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Post by oilconsultanton Apr 26, 2017 1:35pm
74 Views
Post# 26169421

MEG owners are some fools...LOL

MEG owners are some fools...LOLshares down from $50 to about $6...LOL

oil sands are the highest cost producer in the world... with  ultra high intial capex..LOL

they get a discount on their product along with all Cdn producers...LOL

they got one market which is  slamming on an import tax on them soon, aming their product a money loser with a negative cash flow... wow...LOL

the oil price is down HUGE... actually down 50% and they are losing money now.

and to top it off... MEG has a staggering $5 BILLION in debt to repay when they are losing money!

the really strange part is, how are people so dumb to own the shares?  staggeringly stupid people...LOL
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Dealroom for high-potential pre-IPO opportunities