Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:MEG - Post Discussion

MEG Energy Corp > When oil goes down 4 bucks

View:

Post by Deckdude on Apr 11, 2022 1:40pm

When oil goes down 4 bucks

this stock drops over a buck.

Tell me why, when oil goes up, even more than 4 bucks it doesn't go up at the same rate.

166

Comment

Comment by Zaphod on Apr 11, 2022 1:45pm

Ridiculous market overreaction ...try gold.. I had Kirkland lake making over 1000 an ounce profit I went gold drop $5 so would their share it was nuts. These companies are printing money at 60 or 70 but the markets will kick their teeth in at 90. These will fluctuate up and down just like forestry gold copper etc commodities suck you looking for good solid look at GM and Goodyear right ...more

122

Comment

Comment by Deckdude on Apr 11, 2022 1:49pm

I can't sell now. I'm underwater by 4 dollars. I of course am in the minority as I bought very near the high thinking oil was going to 150 and then it tanked.

120

Comment