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.

TSX:MEG - Post by User

MEG Energy Corp > nice report.

<< Previous

Bullboard Posts

Next >>

Comment by cashtango00on Nov 10, 2022 1:29pm

278 Views

Post# 35089075

RE:RE:RE:RE:RE:RE:RE:nice report.

I worked in the industry and although I did not work in that area, I have a basic understanding of how algos work and there is no way they would blindly buy or sell based on a headline number. That would be suicide, especially in resource stocks where reserves and infrastructure are written down and revalued based on transactions and volatile commodity markets.

<< Previous

Bullboard Posts

Next >>

FLYHT and WestJet partner on weather forecasting