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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

TSX:MEG - Post Discussion

MEG Energy Corp > MEG GUIDING Q3/2024 As 100% RETURN To Shareholders Framework
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Post by ztransforms173 on Nov 27, 2023 10:03pm

MEG GUIDING Q3/2024 As 100% RETURN To Shareholders Framework

Under a US$75/bbl WTI oil price, MEG anticipates it will achieve its US$600 million long-term net debt target around the third quarter of 2024 and conclude its multi-year financial risk reduction strategy. The improved balance sheet and strong operating performance provides confidence to:

 

  • Initiate 100% free cash flow returns to shareholders; and
  • Commence investment in modest capacity growth
  •  
***

z173

 
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