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

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Comment by infinityholderon Mar 27, 2020 3:37pm

79 Views

Post# 30854234

RE:Level 2 buying

I doubt oil's going to $10. The point of a pricing war is to see who can sustain for longer at lower. Both sides will concede before this hits $15. Both countries are being deeply impacted by COVID too and will be broadening deficits.

Russia's economy is gonna shutdown, and the Saudis can only sell so many assets at a loss as they dip into their sovereign wealth fund, before they suck up their pride and actually take care of their nation.

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