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 > What is MEG doing with its FCF

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Post by alwaysmovingon Sep 22, 2022 2:24pm

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Post# 34979745

What is MEG doing with its FCF

MEG should send the market an update on what it's doing with its FCF... I would imagine they'd have the funds or be very close by now to start their next tier of 50% FCF going to shareholders vs debt reduction. It's been a while since we received an update from the board. Cmon MEG, give us some news on what you're doing with the cash!!!

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