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Rating: MEGEF

MEG Energy Corp. (OTCBB: MEGEF) rated to Outperform by RBC Capital Mkts

Monday,  Jan 4, 2016  8:25 AM ET by Lynn Gilbert

RBC Capital Mkts
rated MEG Energy Corp. (OTCBB: MEGEF) to Outperform.

MEG Energy Corp. engages in the development and production of sustainable in situ oil sands in the southern Athabasca region of Alberta, Canada. The company is developing enhanced oil recovery projects that utilize steam assisted gravity drainage (SAGD) extraction methods. It owns 100% working interest in approximately 800 sections of oil sands leases, which includes the Christina Lake project and the Surmont project covering an area of 552,960 acres in the Athabasca region of northern Alberta. The company also holds a 50% interest in a dual pipeline system, which connects the Christina Lake project to a regional upgrading, refining, and transportation hub in the Edmonton area. As of December 31, 2010, it had 1.9 billion barrels of proved plus probable bitumen reserves and 3.7 billion barrels of contingent resources. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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