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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

Post by Franman184on Oct 24, 2022 8:44am
208 Views
Post# 35043154

WTI price and Canadian stocks.

WTI price and Canadian stocks.I believ this is a good sign. Canadian oil stocks were pretty much in sych with the rise and fall of WTI. That has been uncoupled of the last few months. Share buybacks and returns to investors are slowly rerating the stocks. This should accelerate into the new year. GLTA Canadian oil stock holders.
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