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 > Don't forget

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Comment by jleer42on Apr 29, 2023 2:53pm

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Post# 35420998

RE:RE:Don't forget

It is a consideration, but as the tax is only 2% it won't be a major one. Also, it was announced as to be the same as the US tax, which is now 1%, so it might end up being less than 2% when implemented. End of the day for most shareholders, after a certain income point, buybacks will still be more tax efficient than dividends.