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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 jleer42on Jan 12, 2023 6:29pm
408 Views
Post# 35219831

RE:RE:MEG on BNN

RE:RE:MEG on BNNIt was hard to hear as he cut in an out a bit, but I belive he said that a larger company a Cenovus, Imperial Oil, or Suncor could be a buyer of the stock as they can realize the credit much quicker than Meg can.

To me, this means if CVE or SU bought Meg they can more quickly use Meg's tax credits than Meg can.

End of the day he had good things to say about Meg, so a postive overall.

Paray99 wrote: MEG is very good and will appreciate reasonably for sure. No doubt about that. But, Cole actually meant CVE and SU as probably better options at the moment, compared to MEG. 


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