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.

TSX:MEG - Post by User

MEG Energy Corp

Bullboard Posts

Comment by LeJameson Apr 19, 2020 9:51am

197 Views

Post# 30926753

RE:RE:RE:RE:RE:Backing the bus up to short this one

That's correct, alrid. Their strong hedging for the first half bodes well for their Q1 earnings which are coming up in two weeks. And their not-so-strong hedging for the second half means they will be in a good position to take advantage of the (likely) higher crude prices in the second half.

Interesting to note their close-to-100k bbls/d production will qualify them as the largest Canadian energy company eligible for the newly-announced loan guarantee. They won't need to tap into it, but it will be an extra comfort layer to their mattress.

Pretty confident Seymour Schulich finds the current stock price attractive too - he currently owns 5% of MEG.

James

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