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

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Comment by ztransforms173on Mar 28, 2024 4:01pm

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Post# 35958911

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

- I NEVER UNDERSTOOD WHY the MEG Energy BODs CHOSE the USD 600 million NET DEBT TARGET versus the USD 600 million NET NOTES TARGET

- WHY RETURN 100% to shareholders WHEN you STILL have a BALANCE OUTSTANDING on the 7.125% 2027 Senior Unsecured Notes ?

- it is WAY BETTER to LIQUIDATE the 2027 Notes and THEN IMPLEMENT the 100% RETURN to SHAREHOLDERS FRAMEWORK

- they should ALSO BUMP UP the CASH BALANCE to ~ 300 million in CASE of crude oil PRICE DETERIORATION

- I KNOW that they want to have AN EFFICIENT CAPITAL STRUCTURE and WARD OFF the PREDATORS but USD 600 million is a NICE HURDLE and in NO WAY will DETER CVE, SU & possibly IMO should they COME CALLING

z173

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