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 jagsfanon May 11, 2020 11:03am

83 Views

Post# 31011868

RE:Oil Going Lower

Methinks that the POI is slowly recovering from the ludicrous situation last month when the POI went into negative on 1 or 2 trades.
The recover is being slowed by the amount of oil already in storage & the Saudis know that & are prepared to wait it out with low production until the storage tanks & pipes are down to normal working capacities.
Nothing here to feat but patience is required.

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Cross border trading in Canada and Australia