Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > Have a little faith

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Post by 45yessss on Feb 11, 2021 5:57pm

Have a little faith

Follks we just got out of the worst bear market for oil in 5 years. Trudeau is actually against us and works daily to f--k us over but the world needs oil and the US refineries love the heavy stuff MEG sends down. MEG will blow out the next ER if this oil price holds--even if it drops to $50-55 MEG is making lots of money. As it pays down its debt watch for a divvy next year.

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Comment by Fraser19 on Feb 12, 2021 8:37pm

I have to say, I am very impressed with what MEG has done over the last few year. DE and the rest of the execs have done a good job reducing debt and positioning the company for good future growth. However as far as I'm aware MEG want's to reduce its debt and grow its asset base rather than become a dividend paying corp.

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