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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

Post by alwaysmovingon Dec 12, 2022 5:32pm
346 Views
Post# 35167175

Keystone

Keystone MEG doesn't have allocation on Keystone and uses Enbridge's mainline to send barrels to refiners.  Is MEG still able to maintain its volume with this shutdown?  Or will the shutdown force Enbridge and others to take on new capacity thus hindering those with allocation on the pipeline?  Would be fortunate if their production and capacity isnt hindered.

Was relieving to see a turn in the trend today, we'll see what happens tomorrow with the impending rate hike.  
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