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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 sorrensonon May 02, 2022 9:59pm
261 Views
Post# 34649826

RE:Target Tomorrow

RE:Target TomorrowIm not expecting much increase as they have no dividends for 2 years if ever  

The whole deal sounds lovely but  in oil its not likely that there is any money in two years .  So shares go back down as price of oil drops.  All the executives and directors will get nice paychecks but nothing to the owners and then the share drops and shareholder are screwed yet again.

They should be paying the owners (shareholders) .  I for one am going to take whatever we get in the next few days and then sell and buy stocks with actual dividends not just paychecks for the hired help and promises of "someday"


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