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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.


TSX:MEG - Post by User

MEG Energy Corp > CC: MEG CEO DE: NO PLANS To INCREASE STEAM CAPACITY !!!
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Comment by perstrudenton Nov 09, 2021 9:24am
127 Views
Post# 34104060

RE:CC: MEG CEO DE: NO PLANS To INCREASE STEAM CAPACITY !!!

RE:CC: MEG CEO DE: NO PLANS To INCREASE STEAM CAPACITY !!!I kinda got gut feeling some form of shareholder return is coming on Nov 29 which I dont think market was expecting at all..They still have a lot of debt to pay down, but if they even returned 25% of fcf to shareholders would be massive.
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