RE:RE:SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?I agree. Waste of capital (at this moment in time)... They should buyback stock by the bucket full year over year before a move like this.
Once they reach their ultimate debt target I would much prefer to see MEG turn into a cash machine with a small footprint and small float with a chart like IMO and gobs of dividend landing landing in our accounts.
A move like this would see longer term shareholders like me jump ship and wait for the dust to settle after a flat out breach of trust as we EXPECT them to maintain course.
If they did this a year or two after hitting their dept target and rewarding us for our patients and they didn't know what to do with their horde of cash, then a move like this would be applauded.
Timing is everything and now is certainly not the time.