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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > Again, WHY IS MEG STAYING IN THE DUMPSTER?
View:
Post by TheWokeLemming on Jul 29, 2022 9:20pm

Again, WHY IS MEG STAYING IN THE DUMPSTER?

Seems nobody can answer this one.
Comment by MigraineCall on Jul 30, 2022 1:03am
My take: On a longer term basis, MEG is performing alongside others within the peer group, and longer term performance is more important and easier to predict than short term action, based on the long term fundamentals and outlook. On a shorter timeframe, there are influences to the share price that one cannot predict, however things will very likely return and rise up to the mean. For example ...more  
Comment by TheWokeLemming on Jul 30, 2022 1:45am
Thank you for that excellent reply.  I notice that MEG hasn't really recovered much since the oil selloff in late June/early July.  It strikes me as odd considering how far it has sold off from its highs.   
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