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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 19, 2024 1:40pm
117 Views
Post# 36231404

RE:RE:SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?

RE:RE:SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?- for BETTER DIVERSIFICATION and OPERATIONAL REASONS

* a PLANE CRASHS into the Chistina Lake processing facilities

** GFR assets KEEP BOP FLOWING while Chistina Lake is in a MAJOR TURNAROUND

- LARGER economies of SCALE resulting in LOWER PER UNIT OPERATING COSTS

* SINGLE TECHNICAL and MANAGEMENT and FINANCIAL  TEAMS instead of TWO

** sharing of TRANSPORTATION and STORAGE FACILITIES leading to GREATER FLEXIBILITY in MEETING CUSTOMER'S NEEDS {maybe EVEN ADJUSTING the BITUMEN BLENDS ?}

- BIGGER SCALE and MARKET PRESENCE both on the PHYSICAL and MARKET VALUATION SIDES to WARD OFF UNWANTED PREDATORS 

- in the scheme of things, MEG is VERY WELL RUN but is FAR TOO SMALL

z173


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