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 > Suncor and Cenovus both

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Comment by Volkommon May 18, 2022 4:24pm

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Post# 34693608

RE:RE:RE:Suncor and Cenovus both

10-4 buddy I get ya.

E&P companies don't trade like growth/tech did over the past two years.

You're going to see a long grind upwards and then a significant dip. But if you zoom out on the graph it's going in the right direction.

These are difintively investments, not trades. Gonna have to hold on for a year +. Something I struggled with at the start as well.

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Two micro-cap stocks with strong fundamentals