MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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.

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MEG Energy Corp > Upside

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Comment by Moemoney42on Mar 19, 2024 1:22pm

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Post# 35941004

RE:RE:RE:Upside

The upside with the TM expansion, stronger crude prices, better WCS differentials, and lower debt with the option for a divi by years end tells me this stock is moving higher and I wouldn't be surprised to see $40/share by years end!
By introducing a divi it would enable "dividend only" funds to invest.. and that will spur a lot of buying by a whole new group of investment funds.. I say, the more the merrier..!! ;-)

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