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

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Comment by jagsfanon May 15, 2020 11:40am

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Post# 31033669

RE:RE:RE:RE:MEG vs CPG - vote on one

Thanks for the advice Condor; I did make the switch of 1/3 of my non-energy ETF into MEG & CPG.
Despite the sudden shakedown (manipuated IMHO) by buyers looking to get into energy stocks at a lower price; I'll be hanging in this secor until the Saudi-Russian agreement to reduce production until oil is profitable. This is also a manipulation which some folks claim is a 'free market' sector of the economy.

I have been in energy stocks before & did OK but lost badly in tech sector. My outlook has a 5 year term in mind, as I do see a long term decline in the demand for fossil fuels.
IMHO: Electric cars will start to take a serious bite of auto sales sooner than later.
Solar, hydro & wind power will provide the demand for electricity with little problem.

GLTA.

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Cross border trading in Canada and Australia