MEG Energy Corp MEGEF

Primary Symbol: T.MEG

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 > MEG April 2024 NCIB: ~ $ 27M (22 Transactions)

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Comment by vwbusmanon May 03, 2024 7:22am

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Post# 36021130

RE:MEG April 2024 NCIB: ~ $ 27M (22 Transactions)

This is good news - about 1% of share float. Can't wait to see what this looks like when they hit 100% FCF to shareholders. Hope they hold off on a dividend for a while and keep reducing share count aggressively.

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