Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > Share Buybacks, Debt Repayment in January

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Post by vwbusman on Feb 03, 2023 7:12am

Share Buybacks, Debt Repayment in January

Good news - almost 2.8 million shares were bought back by MEG in January - ballpark $53 million approx - share float reduced by about 1%

Also during January - almost $24 million of debt at 7.125% was eliminated

This is all great for MEG longs

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Comment by vartanyanas on Feb 03, 2023 8:36am

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Comment by vwbusman on Feb 09, 2023 7:59am

debt repayment train keeps chugging along Filed 2023-02-08 18:32 Tx date 2023-02-08 $MEG MEG Energy Corp. MEG Energy Corp. 1 - Issuer Direct Ownership Notes 7.125% Senior Notes due 2027 38 - Redemption, retraction, cancellation, repurchase -$1,068,000 vol ...more

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MEG Energy Corp