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Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF


Primary Symbol: T.MEG

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. It transports and sells thermal oil (AWB) to customers throughout... see more

Bullboard (TSX:MEG)

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Comment by ztransforms173on Mar 03, 2024 7:56pm

RE:MEG WENT EASY ON The Share Buybacks (20) In February 2024

- I believe that MEG Energy CONDUCTED LESS SHARE BUYBACKS in FEBRUARY due to:  * HIGH CAPEX in Q1/2024 due to SEASONAL UPTICK and I am 'expecting' CAPITAL EXPENDITURES of $ 150 -160 ...more  
Comment by ztransforms173on Mar 03, 2024 11:22am

RE:RE:Light on Sharebacks in February?

caretired1 - (3/3/2024 10:54:49 AM)   RE:Light on Sharebacks in February?   My guess is they think fair value is $35 or so - about 15% from current stock price that is better ...more  
Comment by robert41on Mar 03, 2024 11:09am

RE:RE:Light on Sharebacks in February?

I like what they are doing stay the course. Get to the 600 mil debt and buy back more shares Meg unlike others has a low float give the size of production I can wait on the divi maybe an Xmas bonus ...more  
Comment by caretired1on Mar 03, 2024 10:54am

RE:Light on Sharebacks in February?

My guess is they think fair value is $35 or so - about 15% from current stock price that is better return than saving the interest on the debt and they have committed 50% of fcf to shareholders so ...more  
Comment by robert41on Mar 03, 2024 10:28am

RE:Light on Sharebacks in February?

The cash is not conserved it has two options buybacks or debt. If you didn't address either what does cash do for you? If you build up a mountain of cash doesn't make sense when you are paying ...more  
Post by Logman5on Mar 03, 2024 12:58am

Light on Sharebacks in February?

I would rather Meg conserve the cash vs purchasing its stock at these higher prices.
Post by ztransforms173on Mar 01, 2024 5:10pm

MEG WENT EASY ON The Share Buybacks (20) In February 2024

from SEDI: Filed 2024-03-01 15:08   Tx date 2024-02-29 $MEG MEG Energy Corp. MEG Energy Corp. 1 - Issuer Direct ...more  
Comment by u4eahon Mar 01, 2024 1:55pm

RE:Poster child for running an oil company

> More  "Poster Child" thoughts ...TDSI Flash Note - MEG Energy Corp.
Comment by Moemoney42on Mar 01, 2024 12:53pm

RE:RE:Poster child for running an oil company

Well after a stop loss raid early this morning we hit that magical $30 CAD this AM..! Nice..!!
Comment by caretired1on Mar 01, 2024 10:33am

RE:Poster child for running an oil company

probably upside to forecast with tmx coming on
Post by robert41on Mar 01, 2024 10:23am

Poster child for running an oil company

Meg is a beast looking forward to the debt target being met early. Hopefully oil stays in the high 70's. I'm not a fan of buy backs except in this case where debt is low yah share price is ...more  
Post by ztransforms173on Mar 01, 2024 10:03am

MEG Energy Maintained at BUY at TPH Following Q4 Results;

MEG Energy Maintained at Buy at TPH Following Q4 Results; Price Target Kept at C$35.00   MT Newswires - Mar 01, 2024 9:36 AM EST   09:36 AM EST, 03/01/2024 (MT Newswires) -- Tudor ...more  
Post by ztransforms173on Mar 01, 2024 9:11am

CC: CEO: MEG GOT The CALL From TMX For APRIL LINEFILL

- the CALL came in on 2/29/2024 LINEFILL REQUESTED by TMX: April 2024:   2.1 million barrels May 2024:   2.1 million barrels - MEG's share of TMX LINEFILL should be about ...more  
Post by Betteryear2on Feb 29, 2024 7:38pm

Capital Allocation Strategy

Approximately 50% of FCF was allocated to debt repayment in 2023 with the remainder applied to share repurchases. 100% of FCF will be returned to shareholders when the Corporation reaches its US ...more  
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