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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 > MEG December 2024 NCIB: NICE CONSISTENT BUYBACKS !
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Comment by Fuzman5902on Jan 09, 2025 10:30am
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Post# 36396028

RE:RE:MEG December 2024 NCIB: NICE CONSISTENT BUYBACKS !

RE:RE:MEG December 2024 NCIB: NICE CONSISTENT BUYBACKS !Maybe just maybe the price of the commodity might have something to do with it (Just saying)

Other plausible explanations could be replenishing the piggy bank to make up for lost production in Oct.

Oct buybacks were very robust.

Q4 Capex should be in the 175M range has some cash been moved around becase of this?

Fuz


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