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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 Jan 23, 2023 11:50am
279 Views
Post# 35239904

RE:RE:RE:MEG sides with Trudeau?

RE:RE:RE:MEG sides with Trudeau?The way our government has blown up the Canadian balance sheet, I would say ESG subsidies to big oil that create a lot of jobs and industrial expansion should be the least of your worries.  At least those will be a positive cash flow to the industry which can be received back in taxation.  Do a little research on how much cash was flushed down the drain during the covid bailouts or even better, the massive negative returns on bailing out the Canadian auto industry.  The energy industry is the brightest spot Canada has on its income statement right now, but don't worry, we are ramping up social spending to get rid of all that excess cash.  go Canada
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