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 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

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TSX:MEG - Post Discussion

MEG Energy Corp > Debt eliminated in Q3

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Post by vwbusman on Oct 09, 2023 9:07am

Debt eliminated in Q3

Looks like MEG reduced debt by about 70 million (Cdn) since August to end of September - not bad but will still be a fairly long road at this pace to hit the debt target of less than 1.2 billion USD. Wondering if they really should be focused more on debt reductions first vs. 50/50 with share buybacks (although buyback tax kicks in for 2024 so there is that factor)

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