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Benzinga
Benzinga
Business
Akanksha Bakshi

MEG Energy Initiates Share Buyback Program

MEG TSX

MEG Energy Corp. (TSX:MEG) (OTC:MEGEF) has repurchased 3.4 million shares for cancellation using the block purchase exception under its normal course issuer bid.

MEG Energy made the purchase as part of a 15 million share block trade on the TSX for C$21.85 per share. Other institutional shareholders purchased the remaining shares of the block.

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