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 > RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

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Comment by ztransforms173on Oct 12, 2023 12:05pm

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Post# 35680713

RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

jleer42 - (10/12/2023 8:23:41 AM)

RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

The debt math does not work for me when looking at Meg's Aug presentation.

***

- you have to DEDUCT the CASH BALANCE on HAND to get to the NET DEBT POSITION MILESTONE

- the ADDITION of the LONG-TERM NOTES (2027 and 2029) is NOT the NET DEBT MARKER

- SEE Q2/2023 MEG Report:

@ June 30, 2023:

Sum of Notes: USD 1,053.6 million

Sum of Notes: C $ 1,395 million

Long-Term Debt: C $ 1,382 million ^

^: {There is a SMALL UNAMORTIZED DEFERRED DEBT DISCOUNT / debt issue costs REDUCTION of C $ 13 million SUBTRACTED from total NOTES TRANSLATION amount }

NET DEBT: USD 994 million

NET DEBT: C $ 1,316 million

Cash Balance: C $ 66 million

z173

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