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 > Buy backs and debt reduction in April

<< Previous

Bullboard Posts

Next >>

Post by vwbusmanon Apr 30, 2023 9:06am

273 Views

Post# 35421438

Buy backs and debt reduction in April

I like how MEG is sticking with the playbook of debt reduction and share buybacks. In April, 623,000 shares were purchased and cancelled and over $18 million in debt was eliminated. Keep it up MEG - will be in excellent shape by year end if WTI holds between $75-90 for remainder

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for Nov. 21, 2024