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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Comment by Re1ndeer2on Nov 09, 2021 9:17am
113 Views
Post# 34104019

RE:RE:RE:Market beat!

RE:RE:RE:Market beat!Power revenue offset energy operating costs by 43%, resulting in a net impact of $2.71 per barrel. Year to date, power revenue has offset approximately 60% of MEG's energy operating costs;....this is just a great CoGen Process..
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