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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Comment by ztransforms173on Jun 05, 2024 4:23pm
145 Views
Post# 36073915

RE:RE:Meg buybacks for May

RE:RE:Meg buybacks for May- MAYBE (?) they PAUSED NCIB as crude oil prices DECLINED

- BUILDING UP CASH BALANCE to EXECUTE further 2027 7.125% NOTE BUYS as they BECOME AVAILABLE in the BOND MARKET

* the 2027 NOTES are INCREASINGLY DIFFICULT to BUY as the BOND POOL CLASS becomes SMALLER

- in the NEAR FUTURE, they will have to SWITCH to BUYING the 2029 5.875% Notes {USD 600 million} as the REMAINING 2027 Notes 'MIGHT' NOT FOR SALE

z173


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