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 > Break Out

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Post by Fuzman5902on Dec 08, 2021 3:16pm

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Post# 34211706

Break Out

Up $ 2.00 in a week looks like Meg has broken out.

From my perspective it should still have some legs left but is quickly approaching the levels that i think it should be trading @.

Assuming the price of oil increases another $5 or so it looks like there is little resistance till the high teens.

Any technicians out there who would like to comment.

Regards

Fuz

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