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.

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MEG Energy Corp > What is MEG doing with its FCF

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Comment by cashtango00on Sep 22, 2022 2:38pm

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Post# 34979799

RE:What is MEG doing with its FCF

they have been buying back debt at a pretty good pace as per the sedar filings. Unfortunately, they don't sound like they will be paying dividends anytime soon and the market doesn't care about buybacks. With risk-free money paying 4% now and MEG having no yield in a tough equity market.... it's an uphill battle right now.

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