MEG Energy Corp T.MEG

Painful to Watch

[Fuzman5902]

Glad i was out this morning.

I for one wouldn't be upset if they walked this down to 20$, couple of Big crosses & get rid ot these

guy's.

In the meantime with the low royalty rate (which unfortunately is disappearing quickly) the fcf is mind

boggling.

Better day's ahead.

[not4anymore]

CALGARY, Alberta, May 31, 2022 (GLOBE NEWSWIRE) -- MEG Energy Corp. (TSX:MEG, "MEG" or the "Corporation") is pleased to announce that as a part of a 15 million share block trade on the TSX at a price of $21.85 per share, the Corporation has repurchased 3.4 million shares for cancellation using the block purchase exception under its normal course issuer bid ("NCIB"

[Fuzman5902]

The big Question here is how much of the 15 Million was CNOOC you'd have to think most or all of it. Here's hoping.

[Moemoney42]

According to the PR... It won't be more than 11.6 million shares.. assuming CNOOC is the only buyer..?

[Fuzman5902]

They would be the seller not the buyer.

[perstrudent]

wonder who woulda been the other buyer...has nuttall fund grown enough to add that much more to meg without going over 10% of his fund weighting? or do we have a new major shareholder