MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. 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 > Is MEG REDEEMING Their 2025 6.5% Second Lien NOTES ?????

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Comment by CrudeProon Jun 27, 2021 3:18pm

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Post# 33457793

RE:RE:RE:Is MEG REDEEMING Their 2025 6.5% Second Lien NOTES ?????

Second lien loans receive a pledge of specific assets of the borrower (e.g., buildings, land, equipment, intellectual property, receivables and other financial assets)

UNSECURED notes come with greater flexibility for incremental financial need, business management decisions, repayment, etc.

MEG management is reshaping their debt portfolio to better reward equity shareholders. My opinion only.