MEG Energy Corp T.MEG

Eric Nutttall 'SEES' 2% BASE DIVIDEND For MEG On DEBT TARGET

[ztransforms173]

- so Eric is 'FORCASTING' a $ 0.15 {I AM assuming a $ 30.00 share price to be conservative} PER QUARTER BASE DIVIDEND once MEG ACHIEVES their NET DEBT TARGET of USD 600 million in Q2/2024 ?

- is MEG KEEPING UP with the CENOVUSES ?

LOL !

- that is a ~ $ 164 million PAYOUT per year

z173

[robert41]

Who cares.....at $80 to $85 oil Meg will be at $50 bucks in a year that's much better than a divi for now let's get that float down in the next year or two and then see about a divi. I'm in no rush to see a sizeable divi.

[ztransforms173]

- I DON'T CARE EITHER ! - I was JUST POINTING IT OUT ! - AFTERALL, this is a STOCK BOARD - PERSONALLY, I would PREFER NO DIVIDENDS until they get to LESS THAN 250 milllion S/O. - MEG is TOO SMALL and I would PREFER that they MERGE and BUYOUT somebody with NG PRODUCTION with HIGH CONDENSATES * NG will NOT be CHEAP FOREVER and TMX will BOOST the PRICE of PENTANES (diluents) * NVA WOULD BE

[Fuzman5902]

Z well said  Economy's of scale matter. All things considered they could be sub 250 mid 2025 then what? ARX , WCP, BTE all did it, sooner or later Meg will have to follow suit. Regards Fuz

[robert41]

Does Meg really need to acquire to grow? Their reserves are huge can't growth come from what they have? I should look at it closer I guess. Either way Meg's low debt and lowering float and big reserves make it a power house going forward. 

[ztransforms173]

- they hace PLENTY of BITUMEN RESERVES - Christina Lake, BY ITSELF; 'COULD' GO UP TO 210,000 bbls/d from the PRESENT 110,000 bbls/d - they 'NEED' to GROW to INTERNALIZE and INTEGRATE their HIGH-VALUE COST STRUCTURE - this means GETTING OWNERSHIP and CONTROL of their HIGH-COST INPUTS, namely; DILUENTS (CONDENSATES) and NATURAL GAS - they DO TRY TO LOCK IN these INPUT COSTS

[robert41]

Thx for your input Z

[Fuzman5902]

True very true indeed, even more so that the DRP {Diluent reduction program) seems to longer be a focus. Regards Fuz

[Fuzman5902]

Opps  Seems to be no longer a focus