Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

MEG Energy Corp MEGEF


Primary Symbol: T.MEG

Energy Oil & Gas E&P
MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

MEG Energy Corp > RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(983)
•••
Comment by ztransforms173on Oct 12, 2023 12:05pm
184 Views
Post# 35680713

RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
jleer42 - (10/12/2023 8:23:41 AM)
 
RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
 
The debt math does not work for me when looking at Meg's Aug presentation.

***

- you have to DEDUCT the CASH BALANCE on HAND to get to the NET DEBT POSITION MILESTONE

- the ADDITION of the LONG-TERM NOTES (2027 and 2029) is NOT the NET DEBT MARKER

- SEE Q2/2023 MEG Report:

@ June 30, 2023:

Sum of Notes: USD 1,053.6 million

Sum of Notes: C $ 1,395 million

Long-Term Debt: C $ 1,382 million ^

^: {There is a SMALL UNAMORTIZED DEFERRED DEBT DISCOUNT / debt issue costs REDUCTION of C $ 13 million SUBTRACTED from total NOTES TRANSLATION amount }

NET DEBT:  USD 994 million

NET DEBT: C $ 1,316 million

Cash Balance: C $ 66 million

z173

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities