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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 12:33pm
196 Views
Post# 35153717

RE:RE:Biden getting ready to fill SPR at 70

RE:RE:Biden getting ready to fill SPR at 70Sometimes you need to look at all possibilities, not just the ones that match your positional bias.  It's nice to believe the US is pulling oil down from 100 to 75 and once they are done, the price will explode, it's just not very accurate.....or possible.  The physical demand for crude has weakened substantially.  Evidence of that is everywhere from the futures market to international pricing power.
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