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.

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Comment by cashtango00on Dec 09, 2022 11:41am

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Post# 35161813

RE:RE:RE:Over

Not sure where you get your numbers from but MEG is nowhere near 2 bucks EPs at 70 oil. WCS has little to do with SPR now as SPR is down to a trickle compared to months ago. WCS is landlocked oil that can't get out fast enough. there is no quick fix on that one. TMX will help in a year. i like the de leverage but the interest saved is lost on the increasing royalties hitting q1. MEG needs 80-90 oil to look good

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Two micro-cap stocks with strong fundamentals