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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
Post by 2015ideamanon May 16, 2017 7:40pm
80 Views
Post# 26252479

opec may surprize and cut deeper on may 25

opec may surprize and cut deeper on may 25cut of 300,000 to 500,000 b/d divided by russia, and the opec countries with saudies carry slightly more weight as they are the ones pulling big time for 60 oil..is a distinct possibility.

now may be a good time to average down or just to buy more shares...24 months out and oil / meg will look a lot different....

if you haven't sold your shares you haven't lost anything...oil / meg will bounce back and methinks when it does the ride up will be slow and steady upwards....maybe a few hiccups along the way buyt steady upward will be the case....

see you in 24 to 36 months....

cheers from ideaman
Bullboard Posts