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

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Comment by Volkommon May 31, 2022 6:48pm

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Post# 34721617

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

They could have used their revolver. By the end of Q2 the future FCF could wipe it out, hence not having to report an "increase" of debt on the revolver.

Helps to have those lines of credit open for when these opportunities arise.

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