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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > Small share buyback in March
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Post by vwbusman on Apr 04, 2023 7:06am

Small share buyback in March

In March, MEG bought back 287,500 shares at a cost of $6,425,813 at an average cost of $22.35

Not a signficant buyback but after yesterday's runup looks like a good move

Lets just watch them continue to get rid of debt and buy shares back - if they can just stick to that playbook all the longs will be in great shape by the end of 2023
Comment by vwbusman on Apr 05, 2023 7:23am
Updated - more purchase and cancellation updates from March :  1,472,300 shares cancelled in March - average cost around $23.08 Keep up the good work MEG
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