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 > Current debt position Meg

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Comment by Fuzman5902on Sep 29, 2022 9:27am

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Post# 34994463

RE:Current debt position Meg

Meg had 1,6 B in debt exiting Q2 (Check the Financials)

As far as reaching 2nd debt level it all depends how much money they made in Q3 & what

you expect Q4 will be like. I don't think meg was able to purchase 75% of their fcf in debt, as the

notes became to exspensive & the sellers dried up. Does the model change if the debt hasn't been

paid off but the cash is in the bank?

With the decline in commoditly prices & the premium received in the USGC it's safe to say it won't

be as early as previously anticipated.

Regards Fuz

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