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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 Fuzman5902on Oct 02, 2024 11:45am
95 Views
Post# 36250067

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

RE:RE:RE:RE:CONFIRMATION Of LIQUIDATION Of USD 1,200M 2027 7.125% Notes
 agree stay the course for a year or 2 there will be downturns in the market there always is be in a great position to take advantage of them

Could be to late as they won't be the only suitors or somebody takes

a run @ them, doesn't matter how tight the float is if they offer up enough.


 float is extremely tight and getting tighter by the day.

How many more shares need to be cancelled before liquidity matters?

With depressed commodity priceing, now could be the time to strike.

Personally I would like to see a merger with NVA or they take a run @

GFR with some small incremental growth as Z has pointed out.

Could they wait a year ya probably but 2 years is to long.

Fuz



 
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