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 > Earnings 0.17 beat expectations.

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Comment by highalpha1on Jul 23, 2021 1:55am

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Post# 33594841

RE:RE:RE:RE:Earnings 0.17 beat expectations.

@riski: So what you're saying is that tomorrow morning MEG's share price will move either up or down? You might have just provided the insight of the century!

riski wrote: I think this drew in a lot of speculators over the past couple of days. They always sell the news which will drive it down or flat, but this is a very bullish earnings report and the share price will move higher once all those losers are done selling their shares.

Unless the report attracts so much attention that the sell the news clowns are overwhelmed. Then they will hesitate to sell and it may move higher quickly.

Praxis1 wrote:

downwithdotcom1 wrote: ..this will be a TRUE TEST tomorrow - a beat on CF, earnings, upward revision to production , buying back some of the lien debt , capex to furthur increase production to 100k..whats not to like??? SHOULD BE A NO BRAINER TOMORROW...still, the BANKsters and flashboys have been
hard at work keeping a lid on O&G share prices of late..just how many upgrades have their been in this sector while shares have fallen 10-20% in the last week?? see what the reaction is in the AM tomorrow..dwdc

I hope you are right but I have a feeling it will be status quo.