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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

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

Post by ztransforms173on Mar 27, 2024 7:19pm
250 Views
Post# 35956823

BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notes

BAZOOKA: MEG BUYS & CANCELS $ 105 Million 7.125% 2027 Notesfrom SEDI:

Filed 2024-03-27 13:22
 
Tx date 2024-03-22
$MEG
MEG Energy Corp.
MEG Energy Corp.
1 - Issuer
Direct Ownership
Notes 7.125% Senior Notes due 2027
38 - Redemption, retraction, cancellation, repurchase

-$105,000,000 vol
$0  
Filed 2024-03-27 13:21
 
Tx date 2024-03-22
$MEG
MEG Energy Corp.
MEG Energy Corp.
1 - Issuer
Direct Ownership
Notes 7.125% Senior Notes due 2027
38 - Redemption, retraction, cancellation, repurchase

+$105,000,000 vol
$105,000,000  

***

- I TOLD YOU that they were STOCKPILING CASH to TAKE OUT a LARGE CHUNK of the 2027 SENIOR UNSECURED NOTES

- it is GETTING MORE and MORE DIFFICULT to BUY the Notes as the NOTES POOL is GETTING SMALLER and MORE CONCENTRATED in STRONG HANDS who LIKE the 7.125% COUPON RATE 

z173


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