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 > Boy did Nuttall get it wrong!

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Comment by BigJoe778on Aug 03, 2022 8:37pm

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Post# 34869955

RE:RE:RE:RE:RE:RE:Boy did Nuttall get it wrong!

The world population has almost doubled since 1984 so the fact that the SPR is only 46% higher seems like a bullish stat to me. I do agree that some of the predictions are outlandish but I won't be one bit surprised to see crude at $120 again in the next six months. The only reason it is selling off right now is high inflation and fear of an extended recession. The physical oil market is completely disconnected from the financial market right now and there's lots of data out there that supports this.

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Geologica Resource: Polymetallic upside at a depressed price