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 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

MEG Energy Corp > PLENTY Of Insider PSUs CASH, RSUs RIGHTS, & Share SELLS !!!

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Comment by filefishon Apr 09, 2022 10:55am

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Post# 34590591

RE:PLENTY Of Insider PSUs CASH, RSUs RIGHTS, & Share SELLS !!!

The share dispositions are kind of surprising given the current profitability of company operations.
Anticipation of CFO retirement?
Stock gotten ahead of itself?
All these RSU's , PSU's share dilution negate the Company's announed share buyback program. always seems to happen that way.

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