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 > MEG Takeover Target?

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Comment by CashHungryon Feb 25, 2022 1:29pm

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Post# 34462243

RE:MEG Takeover Target?

I think the window has closed for MEG to be taken over. Not because there are not interested buyers (IMO, SU, CVE, CNQ), but because MEG's asking price will be too high as they have no pressure to sell. When oil was sub $50 then a deal was possible as MEG's future was in doubt because of high debt and the economics of the oil sands. All O&G companies fortunes improved last year, but few more than MEG's.

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