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 Speedybeedyon Apr 10, 2020 3:22pm

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Post# 30897736

RE:RE:RE:RE:How long will it take

1condor wrote: old_dog...I think we all know consolidation in the sector is needed. It certainly is needed. However hard for the folks running these companies to give up those hefty paychecks.

Have a look at CPG Saxburg compensation for years past into the 8 million a year mark for completely decimating a company and managing to get every hedge fund manager to short the company very close to bankruptcy. Compensation for all CEO should be a percentage of annual growth profits. If they fail the company the compensation should reflect.

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