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.

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MEG Energy Corp > MEG hit 40% off 52 week high this AM

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Comment by TheWokeLemmingon Aug 13, 2022 11:42am

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Post# 34893961

RE:RE:RE:MEG hit 40% off 52 week high this AM

Yes it can be done Cobalt! You and I seem to be on the same page as buy and hold doesn't equate to returns on the massive side. Always keep a little on the side in this market as that's where the real gains are being made on this roller coaster energy market. Sell the highs! My opinion only.

Cobalt wrote: Who says you cant pick a bottom damn that was dirt cheap , thanks TA , go go Eric

Cobalt wrote: Could not pass that deal up , cheers

TheWokeLemming wrote: Was $14.61 the bottom? Never say never but the selloff was extreme. WTI now back above $90