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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 Paray99on Dec 07, 2022 4:47pm
353 Views
Post# 35157469

RE:RE:RE:RE:Over

RE:RE:RE:RE:Over

I will not say that Nuttal is telling all the truth, there are some catches for sure, as he always project into oil trading at $100. But, it is very likely to have that price soon considering all the macro evonomics of the oil supply and demand. The fact is that almost all producers are maxed with their production capacity and though OPEC told they will cut 2M barrels, they never reached that goal yet. Now I think OPEC will be waiting to hear the action plan from Russia on the price cap. Russia will come up with a more revengeful reaction to further hamper the supply in my guess. At the end these are all our predictions based on what we gather from different medias and no one has a clue how things will end up.

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