Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF

Primary Symbol: T.MEG

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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > Selling is right on time

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Post by Cobalt on Apr 11, 2024 2:48pm

Selling is right on time

Hit the upper trendine that goes back to OCT 22

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Comment by robert41 on Apr 11, 2024 3:08pm

i hope thts all that happened i bought more just now. sell off seems a little aggresive given no news.

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Comment by riski on Apr 12, 2024 9:10am

Profit taking from weak hands on a red day when they feared their tiny profits would turn into losses if they didn't get out. Traders who "rent" the stock for a few days or maybe a couple weeks and jump out with tiny profits. Taking Eric Nuttall's cue as his fund recently sold some of his position. And then whipsawed today. It will be sad to look at the stock price today after ...more

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