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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 Fuzman5902on Aug 08, 2024 3:59pm
322 Views
Post# 36170086

RE:> Question for me is WHY ?

RE:> Question for me is WHY ?The time to take out Meg on the cheap is long gone.

If something like this were to happen I suspect it would be a friendly merger with little or no cash

changing hands.

The obvious choice  would have been CVE but I'm of the opinion they need to  reduce their share

count 1st

CNQ is to cheap, SU  maybe but i doubt it.( Still working on getting thier own house in order)

The only big name left would be IMO

No doubt Meg needs to get bigger to prevent this kind of thing, all they need is a dance partner.

Perhaps the one that just reported today  :)

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