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.

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MEG Energy Corp > It Does NOT APPEAR That He Was At The TSX OPENING

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Comment by Moemoney42on Oct 15, 2024 12:10pm

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Post# 36266489

RE:RE:RE:RE:It Does NOT APPEAR That He Was At The TSX OPENING

Other companies are doing it.. so its not out of the realm of possiblities.. a doubling of the divi to start would be a good jesture.. their share count isn't really that high IMO.. no need to whittle that down for a company of this size IMO?

Fuzman5902 wrote: In this price enviroment that's 50% of FCF surely you jest.

I can think of a lot of uses for their fcf increasing the dividend to $ 1.60 is not 1 of them.

Fuz