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.

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MEG Energy Corp > YEESSS, MEG BUYS BACK 3.4 Million Shares As Part Of BLOCK .

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Comment by Fuzman5902on May 31, 2022 4:46pm

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Post# 34721286

RE:YEESSS, MEG BUYS BACK 3.4 Million Shares As Part Of BLOCK .

Eigen337 wrote: ...TRADE !!!

3.4 million MEG @ $ 21.85 !!!

Easymath:

'PROJECTED' Shareholder RETURNS and DEBT REDUCTION:

3400000 * 21.85 =
74290000

1/4 FCF = 74,290,000

FCF = 297,160,000

Debt REDUCTION:

297,160,000 - 74,290,000 =
222,870,000

VERY NICE !!!

This is my opinion only.

Eigen337

I'm still tying to process how they made this much money in 2 months with a major turnaround, @

this rate they will exceed Q1 fcf with 25% less production.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?