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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 stock_for_goldon Jan 04, 2024 11:29am
167 Views
Post# 35810546

Oil inventories fall

Oil inventories fall

Investing.com - Oil inventories in the U.S. fell by 7.3 million barrels in the latest week, the Energy Information Administration said Thursday.

The drawdown snapped a streak of builds and confounded expectations for drop of fewer than 1 million barrels.

Imports for the week ended Nov. 30 fell by 1.7 million barrels.

Crude oil prices were down 3.2%, paring losses after the numbers were released.

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