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 > MyTake: MEG Is VECTORING Towards A 15 to 20 CENTS Q/Dividend

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Comment by robert41on Jul 17, 2024 4:56pm

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Post# 36137367

RE:MyTake: MEG Is VECTORING Towards A 15 to 20 CENTS Q/Dividend

I hope not it's such a nominal amount I would rather see them buy back more stock and put in decent divi in 3 or 4 years. The float will be lower shares will be higher given $80 ish oil. A small divi will likely do nothing for the stock other than put head wind on it. It's certainly not enough to make anyone excited about buying it.

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