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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Comment by 45yesssson Dec 08, 2021 6:08pm

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Post# 34212428

RE:Break Out

MEG was the only one of my group---CPG-CVE-WCP-ATH--that had any jump. CPG has been going well but stopped today

I sold VET yesterday but could have made a lot more if I had given it another day.

My feeling is all the oils will keep going in lock step with WTI and Brent. I predict Bent will be over $100 by Feb and we can count on another 10-15% from this as well as every quarter,every one of these will display huge FCF and pop a little more that week

I agree with Nuttall that this will go for at least a couple of years but it will be bumpy at times---got VET for $11.75 a month ago and sold for $13.75 yesterday--so buy on dips

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