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.

TSX:MEG - Post by User

MEG Energy Corp > BINGO: MEG WIPES BIG CHUNK Of REMAINING 2027 7.125% Notes

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Comment by ztransforms173on Aug 22, 2024 7:46pm

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Post# 36192751

RE:BINGO: MEG WIPES BIG CHUNK Of REMAINING 2027 7.125% Notes

- IF they are CARRYING C$ 78 million in CASH DEPOSITS and EQUIVALENTS then they have OFFICIALLY REACHED their USD 600 MILLION NET DEBT TARGET

- so the BODs have GREAT TIMING:

The Board of Directors also declared a quarterly cash dividend of $0.10 per share payable on October 15, 2024 to shareholders of record at the close of business on September 17, 2024. All dividends paid by MEG are designated as eligible dividends for Canadian federal income tax purposes.

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z173

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