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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.


TSX:MEG - Post by User

MEG Energy Corp > The MEG Energy Takeover Sweepstakes
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Comment by Moemoney42on Dec 17, 2021 11:10am
256 Views
Post# 34240667

RE:RE:RE:RE:RE:RE:RE:The MEG Energy Takeover Sweepstakes

RE:RE:RE:RE:RE:RE:RE:The MEG Energy Takeover SweepstakesI'm thinking the same thing Iowe0.. the synergies would be very attractive and accretive.. not to mention the tax pools.. ;-)
lowe0 wrote: I have always thought that CVE would buy MEG because of the physical location of the MEG project being between CVE Narrows and CVE Christina Lake projects. The Narrows Revised Project Scope has moved from a stand alone Thermal Operation to a well pad development produced back to the Christina Lake Facility and some of the steam and production lines are designed  to be located within the MEG lease. Would make allot more sense for the Narrows project development to be steamed and produced from an expanded MEG Facility using a staged development approach.

Now that CVE has another 800M$ from the sell of Cenovus Tucker to Strathcona Resources, I think CVE is getting clsoer to making an offer. 


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