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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.


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Post by retiredcfon Jan 21, 2025 6:59am
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Post# 36412869

Stockchase After the Close

Stockchase After the Close

Wall Street was closed Monday to honour civil rights leader, Martin Luther King, Jr., but the TSX advanced 0.34%. Most sectors enjoyed gains, led by energy and materials, while only four sectors lagged slightly, including tech. 

Major movers included Bombardier up 7.17%, Meg Energy 6.27%, CNQ 4.35%, Calibre Mining 3.07% and Kinaxis -1.84%. Commodities were mixed. Gold added US$5 to US$2,708 an ounce, but WTI shed a dollar to dip below US$77 a barrel. Bitcoin scaled new heights early in the day to US$109,00, and finished the session 0.2% higher at US$103,775. After the inauguration of President Trump, U.S. futures were modestly up. The NYSE reopens on Tuesday.



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