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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca 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 responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Comment by Offgridtraderon May 17, 2024 9:54am
123 Views
Post# 36045238

RE:RE:RE:RE:Me three

RE:RE:RE:RE:Me threeI completely agree! The setup for MEG is excellent and I too hope they continue to buy back stock at an accelerated rate before introducing any dividend. It's the wiser longer-term play as any new divi announcement will pop the SP and make buybacks more expensive with less cash available to buy them. 

Who knows what they're going to do but the board sounded hesitant when discussing dividends... So I'm thinking (completely guessing) that you are correct and we won't see anything until 2025 at the earliest. 

I'm obviously long and will happily sit on my hands and wait to be rewarded for my patients. 
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