MEG Energy (TSE:MEG) has released an update.
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MEG Energy Corp. has reached its debt reduction goal of US$600 million and is set to reward shareholders by returning 100% of its free cash flow, starting with share buybacks and a new quarterly base dividend from October 2024. This financial milestone is a result of the company’s consistent operational performance and strong balance sheet, ensuring sustainable returns throughout various market cycles.
For further insights into TSE:MEG stock, check out TipRanks’ Stock Analysis page.
