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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

Comment by Fuzman5902on Sep 25, 2024 1:01pm
90 Views
Post# 36240500

RE:RE:RE:MY Calculations Were CORRECT: MEG ELIMINATES 2027 NOTES !

RE:RE:RE:MY Calculations Were CORRECT: MEG ELIMINATES 2027 NOTES !600 m was always their target we should be there now

Note that was 600M net debt not LTD 

From the horse mounth 


Net debt is calculated as long-term debt plus current portion of long-term debt less cash and cash equivalents. 

They have now reached their debt target from a LTD perspective. 


What do mean you hope something is up?

No secret that Meg has to get bigger organic growth takes too long, only 1 other way to do it.

Other companies out there other than GFR.

Intersting that they didn't issue a P/R about the 2027 Notes.

Could be way off base but I think Z is onto something here.

Fuz


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