Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Bullboard Posts
User Avatar Image
(0)
•••
Comment by 2015ideamanon Jun 23, 2017 2:30pm
86 Views
Post# 26399071

RE:RE:RE:RE:meg heading towards 113,000 b/d and then onward to

RE:RE:RE:RE:meg heading towards 113,000 b/d and then onward to
wizardspeaks wrote:
Exactly. MEG has $550 million in cash from the recent equity raise at $7.75 per share for expansion. MEG has $1.4 Billion UNDRAWN credit facility. MEG has a pipleline which could likely be sold for close to $2 billion dollars. MEG has no debt coming due for 6 years and some not for almost 10 years. MEG's covenant light financial situation allows it to expand not contract at these prices. MEG is growing production right now, and substantially reducing it's operating expenses. MEG is doing everything right and unless you think that oil prices will not be higher than $42 at some time in the next SIX years then making money buying MEG at these prices is likely going to work out extremely well. My honest opinion after thoroughly researching MEG and buying heavily over the last week including yesterday.


good post...cheers

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities