Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > CNQ Acquisition

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Post by vwbusman on Oct 07, 2024 7:30am

CNQ Acquisition

Interesting how CNQ bought Chevron Canadian assets for 6.5 billion USD - increased their dividend but has regressed from 100% FCF to shareholders back to 60% FCF until they get back down to 10 billion. Timing wise, with lower WTI a month ago (when transaction was initiated) it may be a good deal.

Funny how the the company just could not sit on its hands with 100% FCF to shareholders. There is something about oil and M&A that just can't be separated for long.

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