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 > A lot of cash at $80+ WTI

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Comment by ztransforms173on Sep 12, 2023 1:45pm

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Post# 35631959

RE:A lot of cash at $80+ WTI

- it's EASY

- REPURCHASE and CANCEL USD 453.8 million 7.125% 2027 Notes (@ June 30, 2023) MINUS the CASH BALANCE on hand translated in US DOLLARS

- they will CONCURRENTLY BUY BACK and CANCEL the equivalent amount in the NCIB {$ amount of MEG shares}

- then WE TALK

z173

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