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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 alwaysmovingon Sep 23, 2022 10:15am
191 Views
Post# 34981596

RE:RE:Eric Nuttall........

RE:RE:Eric Nuttall........Nutall isnt the only analyst suggesting higher oil prices going into Q4.  Across the board whether it be JP Morgan, Goldman, RBC, etc... 99% of analysts are suggesting oil prices in $95 - $110 + price range for next quarter and into next year.  Lower global inventories are published weekly so its easy to track and see for yourself how the supply of oil is dropping, no doubt a recession will also decrease demand but you'd be naive to think that OPEC+ won't try to control the narrative and trim back their pumping.  Days like today are difficult for long term investors but just stay focused on the information and not the emotion  
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