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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 > BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notes
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Comment by ztransforms173on Mar 28, 2024 1:36pm
160 Views
Post# 35958496

RE:BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notes

RE:BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notes- the USD 105 million 7.125% 2027 Notes on March 22, 2024 WERE THE ONLY NOTES that MEG Energy REPURCHASED and CANCELLED in 2024

- the PREVIOUS Notes REPURCHASED and CANCELLED was on December 22, 2023 in the amount of USD 5,280,000

Notes Debt @ 12/31/2023:

7.125% senior unsecured notes
(December 31, 2023 - US$258.2 million; due 2027;

5.875% senior unsecured notes
(December 31, 2023 - US$600 million; due 2029;

Total Notes DEBT: USD 858.2 million

RECENT REPURCHASE and CANCELLATION:

USD 105 million

NOTES DEBT @ 3/23/2024:

USD 753.2 million

- you have to SUBTRACT CASH ON HAND  (TRANSLATED in US DOLLARS) to GET at the ~ NET DEBT AMOUNT

USD 153.2 million BALANCE OUTSTANDING on the 7.125% 2027 Senior Unsecured Notes 
 
z173

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