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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 > #2 pick on Market call today
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Comment by Moemoney42on Feb 03, 2022 11:07am
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Post# 34393117

RE:RE:RE:#2 pick on Market call today

RE:RE:RE:#2 pick on Market call today
Moremoney4u wrote: ITS A GEM.  Just waiting to launch . ERIC Loves it, lots of money mgrs. HAS  a high leverage to OIL, target is 37.00 at WTI OF 80,00, WTI IS 88.00. DEBT. is going to be paid off, amazing, 
dividend yes, its coming, buying back stock, accumulate  accumulate, thats it. MAYBE, even they have some takeover companies in there sites, i would not be surprised, THEY have lots of cash , stock price is high, this makes for all the right conditions. 40.00 stock . PATIENCE. HAPPY CAPITALISM. 

Yes and if I'm not mistaken MEG is totally unhedged for 2022.. at least so far..?  Gonna like those returns with crude prices at these levels and holding... so far..??
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