Pengrowth Energy is a case in point
Your analysis makes so much sense, that it's scary.
Well done.
Derek Evans learned his lessons and MEG is paying off debts frequently and rapidly.
Burnsco
@garquake updates on their debt re-payment regularly.
I hope so. The stated plan to use some cash flow for buybacks and some for debt retirement doesn't impress. Recession looms and oil prices could fall dramatically (I don't expect they will) and the MEG story will have a different color. https://www.jwnenergy.com/article/2022/6/1/meg-energy-initiates-buyback-with-34-million-share/#:~:text=MEG%20Energy%20Corp.%20started%20a%20share%20buyback%20by,the%20buyback%20plan%2C%20which%20expires%20on%20March%209.
Your analysis makes so much sense, that it's scary.
Well done.
Derek Evans learned his lessons and MEG is paying off debts frequently and rapidly.
Burnsco
@garquake updates on their debt re-payment regularly.
I hope so. The stated plan to use some cash flow for buybacks and some for debt retirement doesn't impress. Recession looms and oil prices could fall dramatically (I don't expect they will) and the MEG story will have a different color. https://www.jwnenergy.com/article/2022/6/1/meg-energy-initiates-buyback-with-34-million-share/#:~:text=MEG%20Energy%20Corp.%20started%20a%20share%20buyback%20by,the%20buyback%20plan%2C%20which%20expires%20on%20March%209.