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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

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Post by AlwaysLong683on Nov 26, 2024 2:13pm
62 Views
Post# 36331783

Trump and the Price of Oil

Trump and the Price of OilI think there's no way Trump will allow oil and gas prices to hit the kind of highs it did under Biden - he'll likely do everything he can to keep those prices low, including elimintating as many barriers / impediments / policies as he can that may hinder domestic O&G producers to increase production on U.S. lands. If investors are happy with WTI oil staying at or below $80 a barrel with the possibility of it languishing in the 60's for extended stretches of time, then they should be OK.
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