MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas Refining & Marketing

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 > Financial Post

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Dec 11, 2024 12:42pm

121 Views

Post# 36356921

RE:Financial Post

There was also an article on Seeking Alpha regarding the lack lustre price of MEG lately and how share buy backs haven't created the value appreciation that was touted originally.
They also mentioned that a dividend increase would be better use of those funds.. I tend to agree.. they need to be competitive in the sector and doubling of the divi next year should be a no brainer to get to at least 3 - 3.5% IMO

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features