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home / news releases / RRENF - MEG Energy Is Running On Fumes


RRENF - MEG Energy Is Running On Fumes

MEG Energy (OTCPK:MEGEF) reported funds flow from operating activities of C$180 million for the fiscal year of 2018. That is as close to running on fumes as most would care to be when the long term debt balance is C$3,740 million. As always, management has a plan to fill the tank with better cash flow. The WCS-WTI differential has narrowed considerably and oil prices are currently rallying. Can MEG Energy finally get the breathing room it needs to pay down the debt and show enough reliable cash flow for the future?

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Stock Information

Company Name: Raging Riv Expl Inc
Stock Symbol: RRENF
Market: OTC
Website: rrexploration.com

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