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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Post by Fuzman5902on Apr 17, 2022 3:31pm
284 Views
Post# 34608660

Sunday Musings

Sunday MusingsSo you would have to think a decision to liquidate your British & N/A assets wasn't made lightly &

just recently. Was the decision made before or after the Russian's invaded Ukraine? 

Now that this information is in the public domain, your hard assets now become discounted as do

any equity investments.

The question being have they been unloading equitiies the last several months prior to the

announcement?

COP selling their position in CVE didn't do them any favours but @ least it took 18 months  

If in fact they still hold their entire position & they take 3 months to liquidate, it will be impactive 

but not a short term death blow, any quicker & it very well could be.

Leads me to financing if they have any interest in Long Lake?  they would have to prop up the price

as best they could. Do they have interest? has this latest news changed their mind?

Lot's of balls in the air.

Regards Fuz


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