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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

Energy Oil & Gas Refining & Marketing
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 > Are the news releases this morning good news?
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Comment by DeepValueOil88on Jan 19, 2021 9:14am
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Post# 32324951

RE:Are the news releases this morning good news?

RE:Are the news releases this morning good news?Its fantastic. Raising price target due to lower cost of financing, push out maturity significantly, and superior terms. Genius risk assessment on minimal hedges. Unofficial results from quarter and year reveal significant progress. Short arbs explain recent dip. WTC takes MEG value exponential. Persian Gulf at Strait of Hormuz is now occupied by Iran in its 'training' drills. Will pay over $5 today to own what will soon be 2x. Raymond James target $7.50. My target $15.
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