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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Comment by 2015ideamanon Jun 26, 2017 6:28pm

76 Views

Post# 26407299

RE:RE:RE:MEG's book value :$12.93

mingzhu wrote: no, not less confidence in company but in the oil price. Meg is highly leveraged play. If Oil goes back to $51 ilke Q1 in 2017, SP will follow back to $9, that is 2.5x of current price. Make your bets according to oil price. My bet is oil price will go back to $50-55 in 3 months. It hit the bottom. It will not go to $30s like 2016.

good post....you are 100% correct

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