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 Sep 10, 2020 5:01pm

179 Views

Post# 31539737

RE:New to Meg

Better to be IN, closer to $3 than buying in at $4.
This is a complicated situation, made worse by severe doubt in the mind of many that demand for oil & gasoline will return to pre-COVID levels before the end of 2020.

If you're IN, then be patient; MEG could fall further along with most other oil stocks, so there's little point in jumping in & out or changing horses in mid-stream.

IMHO, MEG looks as good as any of the other horses in this production category; so just be patient.

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