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 > CONFIRMATION Of LIQUIDATION Of USD 1,200M 2027 7.125% Notes

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Comment by vwbusmanon Oct 02, 2024 7:04am

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Post# 36249581

RE:RE:CONFIRMATION Of LIQUIDATION Of USD 1,200M 2027 7.125% Notes

I hope there is no M&A on the horizon - I really want to see MEG run with the ball at 100% FCF to shareholders and really reduce the float substantially.

There are few oil and gas companies out there that have had any measure of time giving back a high percentage of FCF to shareholders. I would like to see the impact on the share price doing this for one year plus and even continuing to pay down more debt.

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