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

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TSX:MEG - Post Discussion

MEG Energy Corp > Trump and the Price of Oil

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Post by AlwaysLong683 on Nov 26, 2024 2:13pm

Trump and the Price of Oil

I think there's no way Trump will allow oil and gas prices to hit the kind of highs it did under Biden - he'll likely do everything he can to keep those prices low, including elimintating as many barriers / impediments / policies as he can that may hinder domestic O&G producers to increase production on U.S. lands. If investors are happy with WTI oil staying at or below $80 a barrel with the possibility of it languishing in the 60's for extended stretches of time, then they should be OK.