MEG Energy Corp T.MEG

It Does NOT APPEAR That He Was At The TSX OPENING

[ztransforms173]

- HIGHLY UNDERATED oil executive

- the M in MEG Energy

See:

https://www.youtube.com/watch?v=TaKISMdbPrM

- he RETIRED from it all as the PRESSURE GOT TO HIM and he CHOSE HEALTH & FAMILY over BUSINESS

- he was in the RUNNING to REPLACE Brian Ferguson as CEO of Cenovus Energy and WALKED AWAY

z173

[robert41]

Smart guy life is short.... anyone have any thoughts on a buyback goal where they feel the float is where they want it I don't see that discussed anywhere. Once that happens what's next ? I suspect  moving this divi up to a juicy divi or special divis. 

[Moemoney42]

One thing for sure is its time to bump that divi to a competitive level, which in todays market should be 4X larger than it is today.. either that, or a special dividend by years end to show shareholders they have our interests in mind too.. IMO

[robert41]

I'm prepared to wait on the divi the buybacks will only help getting a great divi down the road a nice one time Xmas divi would be nice this year

[vwbusman]

Agree - MEG should really focus on the buybacks for the new several quarters and reduce the share count significantly.  The divy was just announced so there is no point in talking about increasing it or special divies.   WTI has been too volatile to paint yourself into a corner with a high dividend and then it becomes a value trap where the share price won't move much. I would

[Fuzman5902]

In this price enviroment that's 50% of FCF  surely you jest. I can think of a lot of uses for their fcf increasing the dividend to $ 1.60 is not 1 of them. Fuz

[robert41]

Agree with You Fuz there is absolutely no way that makes any sense ...now in a few years maybe if the  float is around 200 million and oil is around $80. A few years in the oil biz could mean 50 oil or a 100 who knows. 

[Moemoney42]

Other companies are doing it.. so its not out of the realm of possiblities.. a doubling of the divi to start would be a good jesture.. their share count isn't really that high IMO.. no need to whittle that down for a company of this size IMO?

[robert41]

Meg does have a low float but going lower is good and makes a juicy divi payable easier for a company to commit too down the road. I'm in no rush for a big divi what I want is a big but secure divi.