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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 Swanbhanon Apr 02, 2020 1:38pm
149 Views
Post# 30872766

Current Oil Rally has show the MEG potential

Current Oil Rally has show the MEG potentialIf not for anything, now we all now know what will happen to MEG when oil prices recover by end of this year and once COVID 19 settles down and once OPEC+ is back to managing market.<br /> <br /> They have hedged 55% of their production at USD 59 !! They will come out with flying colors.<br /> <br /> Also sentiment will improve significantly now that Keystone and Transmountain are going full steam!<br /> <br /> Once in 100 year opportunity to get in at these prices!!! a true steal!
Bullboard Posts