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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.


TSX:MEG - Post by User

MEG Energy Corp > VERY QUIET On The 2027 Notes FRONT !!!
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Comment by cashtango00on Aug 05, 2022 4:09pm
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Post# 34875165

RE:RE:RE:RE:RE:VERY QUIET On The 2027 Notes FRONT !!!

RE:RE:RE:RE:RE:VERY QUIET On The 2027 Notes FRONT !!!From my discussions with someone at MEG that should know, because their debt elimination is through the repurchase of publicly traded bonds, they run into liquidity issues in the market.   If a dealer can't package up available product, they can't buy it.  The other issue is how much premium do they want to pay to the bondholder?   When the bond market gets tighter, they shift to NCIB. That explains why there has been less debt retirement in the last stretch.
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