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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 Cashmanon Jan 17, 2019 5:11pm
194 Views
Post# 29248312

Honestly meg made a huge mistake

Honestly meg made a huge mistake
I do understand why most investors turned the takeover down. I am sure big stake holder's are invested at a higher price . But jesues thier debt is way to high and they are barley making interest payments . With no sight to be seen oil price to gap up. He'll Opec even cut 1.2m barrels daily and did nothing for the spot price . So if meg don't change things with in the next 12 months . The next take over could be 7$ and they will have no choice . Imo soon u will see assets being sold off dirt cheap just to make ends meet. I almost pulled the trigger to buy today . But I see new 52 week lows not to far off. Anyways best of luck
Bullboard Posts