MEG Energy Corp T.MEG

Special Dividend???

[Oasisjunior]

Any chance for a special dividend or some cash back to stockholders????

[Fuzman5902]

Nope No return to shareholders until debt reduced to < 1.7 B It's way to early to call but if prices hold this target will be easily achieved in Q1  I'm a big fan of the CVE model pay down debt with share buybacks & minimal dividends. As far as the upcoming CC is concerned Expect  FCF in the 450 range & lost opportunites 319 One would think they will discuss the

[perstrudent]

I expect similar...1.7 hit in March with NCIB 10% starting April 1....guidance to 1.2 billion which could be hit August Sept if prices stay....then what they do with next step up to 50% of fcf will be interesting..divy or really ramp up sharebuybacks.

[Fuzman5902]

One thing to keep in mind is that Q1 production will be in the 100-102 range with Q2 declining, if they are on schedule. O/W it get's pushed to Q3. As far as < 1,2B I would prefer nothing higher than a 40% return to shareholders until the debt is eliminated, although with the Exchange rate where it is they may take a more aggresive approach.? Who knows? Regards  Fuz