RE:RE:WALK MEG WALK: SEE MEG WALK; RUN MEG RUN: SEE MEG RUN !If we extrapolate the debt payment in September toward more share buybacks in October, it is possible that MEG can buy back over 4 million shares at the current price which would be around 1.5% of the total float.
The 1st half of Q3 was very promising, then the wheels fell off. I have no idea what the Oct
WTI average was but $70 might seem a little optomistic. Excluding the extral $100M in capex
& a differential in the $ 14.50 range @ $75 WTI Meg generates $ 83M a month in FCF.
How much of that $100 M if any was spent in Q3?
They need higher Oil prices to generate $100M a month in fcf
Fuz