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.

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MEG Energy Corp > Sunday Musings

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Comment by GrandBendon Apr 17, 2022 4:05pm

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Post# 34608684

RE:Sunday Musings

Good points. My bet is that CNOOC has already been selling in the open market given MEG's difficulty breaking through $18 ... China is getting ready to make a move on Taiwan while Sleepy Joe is still the President ...that means oil is going to be high for the near future ... the good news is that MEG is in a good position to buy most of what CNOOC sells ... I agree with Nuttall, MEG is still undervalued and there is lots of upside still to come.

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