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 > Small share buyback in March

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Post by vwbusmanon Apr 04, 2023 7:06am

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Post# 35377912

Small share buyback in March

In March, MEG bought back 287,500 shares at a cost of $6,425,813 at an average cost of $22.35

Not a signficant buyback but after yesterday's runup looks like a good move

Lets just watch them continue to get rid of debt and buy shares back - if they can just stick to that playbook all the longs will be in great shape by the end of 2023

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