MEG Energy Corp T.MEG

CEO DE GIVES SOLID RETROSPECTIVE: A MASTER In The MAKING

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- I LOVE IT at the END when he SMACKS DOWN the BANKS

* the 6 oil sands companies versus the 6 banks

Video (51m50s):

recorded 1/25/2024:

https://www.youtube.com/watch?v=S1-83ADgB5c

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- WEDNESDAY May 1, 2024 will be his LAST DAY as CEO and BOARD MEMBER of MEG Energy

- he FOLLOWED his father's ADVICE

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- NOT a BIG BELIEVER in BASE DIVIDENDS as MEG has NO NEED to ATTRACT those SPECIFIC DIVIDEND-SEEKING INVESTORS as the company is ALREADY EVALUATED AT A PREMIUM to it's PEERS  - 'SEES' dividends as a FIXED COST OPERATING EXPENSE and you ALWAYS WANT to BE the LOWEST COST OPERATOR to SURVIVE and TAKE ADVANTAGE of the SITUATION during the DOWN CYCLE - they LOOKED at the CLEARWATER

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- apparently, he had a GREAT MEETING with the MEG MARKETING TEAM with respect to TMX and HE LEARNED A LOT - so we can be CONFIDENT that MEG will SEEK to ATTRACT the BEST CUSTOMERS for their 20,000 bbls/d of DILUTED BITUMEN tranported through the TMX pipeline z173