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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

Comment by Hightowntraderon Apr 23, 2022 12:01pm
324 Views
Post# 34626232

RE:Should’ve sold

RE:Should’ve sold DD,

I thought you were brand new to investing when you popped up recently, but you've been here before and are 40, not 20.

With oil over $70, there is nothing but fabulous profits ahead for all Canadian energy companies. Biden, crappy news channels, etc, will try to bring the price down and celebrate when it goes to $98 for a day...then common sense takes it back over $100.

Last year this race was a sprint, this year it's a 1/2 marathon. You aren't going to double in 2 months, I'm not sure what is already baked into the Q1 results due out, but Q2 is going to be Fuktactular!

Ignore your wife for a bit longer, and stay positive.

Only my opinion of course...




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