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 > No Surprises Monday

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Comment by Fuzman5902on Nov 06, 2021 11:23am

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Post# 34095709

RE:RE:No Surprises Monday

While from an acquiree perspective the less debt the better the terms & of couse the exact opposite for the acquirer.

While theres no doubt meg is in play the big 3 excluding imo all have their own financial issues to address 1st.

I could be totally wong but I don't see a serious offer until 2023.

The big question is what do they do in the meantime?

Regards Fuz

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