MEG Energy Corp T.MEG

Free Cash

[Bubba1]

$10,000,000 a day minus expenses. Thats 3.65 billion at 100,000 barrels a day and $100 WCS. Should be quite a dividend coming

[Beakr123]

There is no mention of a dividend yet. Debt repayment and share buy backs. Dont get ahead of yourself there skippy.

[Bubba1]

Skippy that's funny. I know but it will come soon

[Moemoney42]

Was hoping they would have introduced one.. I think they're being a little cheap.. even a meager one would enable dividend funds an opportunity to buy stock.. aside from that its all good. ;-)  

[Cobalt]

Would also chase shorts away as they have to cover any dividend 

[Eigen337]

This post has been removed in accordance with Community Policy

[nikehercules]

Good memory Eigen, I remember he timed that very well - around mid October 2020. At the time Nuttal was talking about a pairs trade with WCP that was driving the price down. I was feeling a bit dumb having picked up another 14,000 shares around 2.40ish and feeling like an idiot watching it drop like a rock (again) when the CEO started buying. Anyone remember Southern Pacific Resources and their

[Tiigur]

Always good insight from Eigen. My ACB is $2.42.  I will also buy Eigen a beer when I start reducing my position.  Lets hope SP respons well today to the earnings and share buy back.