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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.


TSX:MEG - Post by User

MEG Energy Corp > With the CNQ/CDN CVX TAKEOVER, MEG Has COVER To BUY NVA
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Comment by Fuzman5902on Oct 07, 2024 10:47am
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Post# 36256029

RE:RE:With the CNQ/CDN CVX TAKEOVER, MEG Has COVER To BUY NVA

RE:RE:With the CNQ/CDN CVX TAKEOVER, MEG Has COVER To BUY NVAWhy do you think an acquisition is in the cards?

They Need to get Bigger plain & simple.

If they don't do something soon what's to stop the likes of IMO making a serious run. 

They don't need cash just sweeten the the share count exchange, lord know's they

can afford it. 

The acquisition is literally paying for itself.

Isn't that the point? 

Don't own any ARC but they have done 1 heck of a Job reducing debt & share count.

Fuz



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