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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 cashtango00on Dec 06, 2022 8:13am
152 Views
Post# 35152798

RE:US screwing up with rate hike, so OPEC might cut more

RE:US screwing up with rate hike, so OPEC might cut moreyou are on a different planet or plant Nuttall if you think oil is 100 in a month.  stop reading oil pumpers.  there is plenty of supply out there, that's why oil continues its drift lower.  the positive is Meg used high prices to lower their cost structure by slashing debt levels.  testing lower 70s incoming.
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