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 5:54pm

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Post# 34721492

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

A more plausable explanation could be they haven't paid 223 M in debt reduction & kept 25 M on the

sidelines for something like this & will make up the difference 1st week of june. At this price they could

be seeing 55M fcf per week. I'm thinking they will see more than 300M in fcf for the quarter :)

We could see up to another 30M in buybacks late june.

Regards Fuz

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