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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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 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

MEG Energy Corp > Dare to dream?
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Post by Luckyguy777on May 02, 2022 11:57pm
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Post# 34650014

Dare to dream?

Dare to dream?To use a quote from Nuttal.  "Dare to dream! "

If the oil price stays as is and MEG has similar quarters.  They will reach their debt target of $600M sometime in 2023.  At that point they say they will return 100% of FCF to shareholders.  That would be $2B per year.  With 300M (will be less with buy backs) shares outstanding that is an annual dividend of over $6.  Somewhere around a 33% yield on current price.  All we have to do is wait a year and watch.

What's not to like?
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Dealroom for high-potential pre-IPO opportunities