I am kind of new to both, Mercurial and Ubuntu.
I seem to have awkwardly installed a few other software packages already, so I wanted to see how others would go about do
Just use:
sudo apt-get install mercurial
It should install it in the default folder and update your environment variables correctly. then you should be able to use 'hg' from the command line, just like svn, although Hg is a much better source control tool.