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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 > MEG hit 40% off 52 week high this AM
View:
Post by TheWokeLemming on Aug 05, 2022 10:46am

MEG hit 40% off 52 week high this AM

Was $14.61 the bottom?   Never say never but the selloff was extreme.   WTI now back above $90
Comment by Cobalt on Aug 05, 2022 11:41am
Could not pass that deal up , cheers
Comment by TheWokeLemming on Aug 05, 2022 11:55am
And it's still lagging the sector.  Probably the most beat up since early June.   
Comment by Cobalt on Aug 12, 2022 1:05pm
Who says you cant pick a bottom damn that was dirt cheap , thanks TA , go go Eric
Comment by jleer42 on Aug 12, 2022 1:20pm
I bought more Meg twice on the way down. Had a third bid in at $14.60, horeshoes and hand grenades...
Comment by TheWokeLemming on Aug 13, 2022 11:42am
Yes it can be done Cobalt!   You and I seem to be on the same page as buy and hold doesn't equate to returns on the massive side.  Always keep a little on the side in this market as that's where the real gains are being made on this roller coaster energy market.  Sell the highs!  My opinion only.  
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