MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas Refining & Marketing

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 > S/O @ 6/30/2022: 307,271,XXX !!!

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Comment by churchofnutsaccon Jul 29, 2022 2:52pm

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Post# 34860823

RE:RE:S/O @ 6/30/2022: 307,271,XXX !!!

The only metric which improves the profitability of an oil company is... the price of oil for which management has no control over. It makes no sense for management to be awarding themselves performance bonuses in the form of shares because the price of oil doubled in 12 months,

This isn't a knock specifically on Meg's management, it seems nearly every oil and gas company does this. If you want to be invested in this sector, you just have to deal with this nonsense unfortunately.

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