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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 RollinInDoughon Sep 16, 2019 12:58pm
364 Views
Post# 30131793

a friggin cash flow machine

a friggin cash flow machineMEG has now bought the machine, now they rake in cash pay down debt..... oil up $6 on the Saudi complex being hit hard... Bet on oil for sure... maybe the best with torque and risk adjustment being considered... yes and debt.

a big kinda manufaturing type thing now.... and that is boring... zzzz.... but you can make money... or if you are a long termer here... LOSE a lot.... of money.... this stock is way down from prior years.... but this trading at a low where it is way below replacement costs... way... way below that... but.... boring...zzzzzz

who knows what the upside is.. better than the downside I suggest.


Bullboard Posts