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.

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MEG Energy Corp > MEG WENT EASY ON The Share Buybacks (20) In February 2024

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Comment by ztransforms173on Mar 03, 2024 7:56pm

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Post# 35912394

RE:MEG WENT EASY ON The Share Buybacks (20) In February 2024

- I believe that MEG Energy CONDUCTED LESS SHARE BUYBACKS in FEBRUARY due to:

* HIGH CAPEX in Q1/2024 due to SEASONAL UPTICK and I am 'expecting' CAPITAL EXPENDITURES of $ 150 -160 million during this quarter

* INVESTING in HIGHER INVENTORIES to PROVIDE the 160,000 barrels of AWB to the TMX pipeline system

* BUILDING a STOCKPILE of FREE CASH to TAKE OUT MORE of the 7.125% 2027 NOTES {the AVAILABILTY of these Notes for SALE and CANCELLATION are LUMPY and MEG must WAIT for the 7.125% Noteholders to PUT THEM ON THE BOND MARKET especially since there are FEWER 2027 Notes OUTSTANDING}

z173

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