RE:What is MEG doing with its FCFI agree but think going to have to wait till earnings probably for update. All august they bought barely any debt, nor any shares barely...nowhere close to what there fcf would have been so cash has to been piling up on balance sheet...Sept they back buying debt decently (not as agressively as July) and will have to wait 2 more weeks to see share buybacks...
We should as mentioned reach 50% returns any day...as long as they execute that will be a substantial bid under the stock.
Production for July and Aug back up great...August I believe was 102k....CDN WCS has averaged close to Q1 prices...so should have similar quarter to Q1 which was a barn burner almost 500 million fcf...