RE:RE:MEG is getting more traction….They aren't considering that until they get debt to below $600M, which at best is the end of 2023 with $100WTI for the year. Anything less and you are looking at 2024 or later.
I am long on MEG, but realism suggests patience and accepting a steady as it goes year. Buybacks, lower debt, and overall market sentiment can re-rate MEG in 2023; but no dividend.
Paray99 wrote: Vermillion planning 25% more in dividends and share buy back. Next will be MEG.