MEG Energy Corp MEGEF

Light on Sharebacks in February?

[Logman5]

I would rather Meg conserve the cash vs purchasing its stock at these higher prices.

[robert41]

The cash is not conserved it has two options buybacks or debt. If you didn't address either what does cash do for you? If you build up a mountain of cash doesn't make sense when you are paying interest on debt if you want to reward shareholders. Seems like you would like them to buy shares at lower prices the only way that happens if oil drops. If oil drops I would rather have low debt and

[caretired1]

My guess is they think fair value is $35 or so - about 15% from current stock price that is better return than saving the interest on the debt and they have committed 50% of fcf to shareholders so debt is not part of that equation.  Debt repayment comes out of the other 50% of fcf.  Their debate is share buybacks or more dividends(ie special)  They said they are not ready for a

[robert41]

I like what they are doing stay the course. Get to the 600 mil debt and buy back more shares Meg unlike others has a low float give the size of production I can wait on the divi maybe an Xmas bonus let's see.

[ztransforms173]

caretired1 - (3/3/2024 10:54:49 AM)   RE:Light on Sharebacks in February?   My guess is they think fair value is $35 or so - about 15% from current stock price that is better return than saving the interest on the debt and they have committed 50% of fcf to shareholders so debt is not part of that equation.  Debt repayment comes out of the other 50% of fcf.