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.

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MEG Energy Corp

Bullboard Posts

Comment by MOJOJONOon Jan 22, 2019 8:16am

115 Views

Post# 29263307

RE:RE:RE:MEG Is SLAMMING The Brakes HARD On 2019 Capex: $ 200 Million

sorry, re: undrawn line they have enough cash and equivalents with $318mm usd. They said they could use the $1.4billion undrawn convenient lite credit facility, not that they would use it.) Cov lite is good.... In that it is unsecured.... Though it could have a high interest rate.

Bullboard Posts

These cold weather stocks are looking to heat up for winter