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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 ztransforms173on Sep 06, 2024 8:38pm
182 Views
Post# 36212791

RE:Nuttall

RE:Nuttall- YES, it 'appears' to be RIGHT

^^^

See:


https://stockhouse.com/companies/bullboard?symbol=t.cve&replyto=36212600&threadid=36211499&source=bullboard


RE:RE:Nutall yesterday BNN - buying mid tier oils sands producer
 
- LOOKED at the EN BNN video

basically, he is MOVING to the 100% SHARE BUYBACK oil companies that have REACHED their DEBT TARGET or are VERY CLOSE {HIGH-CONVICTION NAMES}

- choosing the 10+% RETURN for WTI @ USD 70 per barrel

have LONG-LIFE RESERVES (30+ years)

although HE WON'T TELL you WHO they areyou can EASILY FIGURE IT OUT by READING his X TWEETS

- CVE and MEG MEETS ALL his ABOVE CONDITIONS

personally, I would 'guess' that he BOUGHT 500,000 shares of MEG Energy since he had REDUCED his POSITION from 9,000,000 to 3,000,000 shares and 3,500,000 MEG shares would be LESS than 10% of the NinePoint Energy Fund PORTFOLIO WEIGHT

z173

^^^

z173

 
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