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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 Oilsurgeon Apr 05, 2020 10:13am
112 Views
Post# 30880427

History shows War

History shows WarLook what happened in the 1930s as depression spread world wide and unemployment rose, dictators, fascists and communism gathered steam and war broke out. Today history is setting up for a repeat with the virus. I hope not, but desperate times can lead to some bad things. No one knows where we are going, but I am calling for  a depression not a recession. I personally know two friends who family businesses are ruined. Problem is many people think things will return to normal.. our new normal is going to be a lot for people to deal with. Oil companies are going to go broke.. my guess is the ones with poor balance sheets. I thin Meg will be fine or bought out.
Bullboard Posts