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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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 North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Bullboard Posts
Comment by mr1derfulon Mar 20, 2019 1:05am
102 Views
Post# 29509351

RE:Nuttall Pushing For MASSIVE Share Buybacks To Boost RETURNS

RE:Nuttall Pushing For MASSIVE Share Buybacks To Boost RETURNS Nuttall has zero credibility with how often he has been wrong. Even worse is how is investment horizon is like 2 weeks and how he changes his constantly. I heard him on BNN talking how like MEG's 2020 free cash flow yield is like 35% and they could buy back all their stock in like 3 years. That would be fine if MEG had no debt on their balance sheet like say how Parex has net cash. What kind of an irresponsible CFO would buy back MEG's stock when they have long term debt of $3.7 billion? Nuttall is very convincing in how he talks but he is ignoring the amount of debt. The more I listen to him over time the more he loses credibility
Bullboard Posts