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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 Oilsurgeon Jul 27, 2018 5:36pm
192 Views
Post# 28379440

Earnings

Earnings
I expect it will be a messy quarter because of the pipeline and their lack of ability to transport. Wcs differential continues to be an issue. But everyone knows that. That being said it won't be disastrous and that guy who left the board and bad mouthed the company did us no favours. He introduced panic. I would of liked MEG to fire back and have a plan if they dump 9.9 percent stock. That being said we need a new CEO in place as soon as possible and a high profile new board member. We will go up in time and I firmly believe we are heading much higher in 2019 as long as the board truly is acting in the best interest of shareholders and the company. I think the board member who left is not telling the whole story and everyone needs to chill.
Bullboard Posts