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Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF


Primary Symbol: T.MEG

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

TSX:MEG - Post Discussion

MEG Energy Corp > MEG is getting more traction….
View:
Post by Paray99 on Jan 05, 2023 9:01pm

MEG is getting more traction….

Something is cooking up, expecting a news soon.
Comment by Paray99 on Jan 06, 2023 8:29am
Vermillion planning 25% more in dividends and share buy back.  Next  will be MEG. 
Comment by jleer42 on Jan 06, 2023 9:31am
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.
MEG Energy Corp
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