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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

Comment by Fuzman5902on Feb 13, 2022 9:44am
283 Views
Post# 34424133

RE:Special Dividend???

RE:Special Dividend???Nope

No return to shareholders until debt reduced to < 1.7 B

It's way to early to call but if prices hold this target will be easily achieved in Q1 

I'm a big fan of the CVE model pay down debt with share buybacks & minimal dividends.

As far as the upcoming CC is concerned Expect  FCF in the 450 range & lost opportunites 319

One would think they will discuss the path forward to the next Debt target  < 1.7  B  > 1.2 B

They may hint @ a NCIB to be announced when Q1 is released?

But what do I know.....


Regards 

Fuz
 


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