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.

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MEG Energy Corp > Have a little faith

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Post by 45yesssson Feb 11, 2021 5:57pm

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Post# 32547556

Have a little faith

Follks we just got out of the worst bear market for oil in 5 years. Trudeau is actually against us and works daily to f--k us over but the world needs oil and the US refineries love the heavy stuff MEG sends down. MEG will blow out the next ER if this oil price holds--even if it drops to $50-55 MEG is making lots of money. As it pays down its debt watch for a divvy next year.

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