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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

Energy Oil & Gas Refining & Marketing
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

MEG Energy Corp
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Post by jleer42on Sep 29, 2023 12:26pm
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Post# 35661923

Eric Meg past pic

Eric Meg past picStill loves it and won't sell it. Likes the management team, balance sheet, and reserves. Models it with a 22% FCF at $90 WTI and sees it getting bought out. Tax losses make it extra interesting to get bought out. Not sure if I heard it correctly, but I think he said he sees it going eventually to $45/share.
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