MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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

Post by Turboronon Jun 29, 2017 12:38pm

78 Views

Post# 26419911

Ready for Breakout

MEG is a solid buy at these prices if you feel strongly about an oil recovery. If oil stays above $50, Meg will easily March its way back to $6.75 -$7

they got their last financing done at $7.75 for $500 million for capex

debt is not due for many years, tons of oil assets and ownership of pipelines to keep them going

either average down at these prices or enter meg at these prices. Hold long term.

BE FOCUSED ON THE PRICE ALONE OF OIL AND NOT THE MEG STOCK PRICE

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