MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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 > Zechner on MEG

<< Previous

Bullboard Posts

Next >>

Comment by zalmonellaon Apr 11, 2022 2:33am

241 Views

Post# 34592735

RE:Zechner on MEG

Zechner on MEG

Lots of talk of MEG being an acquisition target because of the cash it's spinning off:

Question: If it's spinning off so much cash why is the P/E and P/CF so high and the P/B so low? Something's wonky with MEG - ti shoudlb e doing much better than it is for the kind of company it is. There must be a reason investors don't like it.

<< Previous

Bullboard Posts

Next >>

Stockhouse DealRoom opens new Australian opportunities