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 > What has MEG been doing with fcf

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Comment by Volkommon Aug 22, 2022 6:43pm

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Post# 34912713

RE:RE:What has MEG been doing with fcf

That's a Texas sized 10-4.

1. Notes aren't redeemable yet.
2. Mark to market discount isn't worth it anymore.
3. Notes holders are drying up. This is why we saw small + consistent purchases.

I suspect they will hoard cash going forward and do a big lump sum.

Time will tell.

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