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Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

TSX:MEG - Post Discussion

MEG Energy Corp > Buy backs and debt reduction in April
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Post by vwbusman on Apr 30, 2023 9:06am

Buy backs and debt reduction in April

I like how MEG is sticking with the playbook of debt reduction and share buybacks.  In April, 623,000 shares were purchased and cancelled and over $18 million in debt was eliminated.  Keep it up MEG - will be in excellent shape by year end if WTI holds between $75-90 for remainder
Comment by PabloLafortune on Apr 30, 2023 11:15am
SEDI seems to indicate approx 1,045,000 shares bought back and approx $26M debt redeemed.
Comment by vwbusman on May 01, 2023 5:43am
Even better - thanks for update post
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