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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Post by invest888123on Oct 01, 2018 12:41pm

134 Views

Post# 28722367

$19 fair value

https://www.bnnbloomberg.ca/video/expect-rival-bids-for-meg-energy-shareholder~1503150

Nuttall, a MEG shareholder, explains why he believes Suncor and Imperial Oil are likely to submit higher offers. Husky is offering $11 per share for MEG. Nuttall says fair value is closer to $19 per share.

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