Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF

Primary Symbol: T.MEG

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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > @ 6/30/2024: NET DEBT: USD 634 Million

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Post by ztransforms173 on Jul 25, 2024 6:49pm

@ 6/30/2024: NET DEBT: USD 634 Million

@ June 30, 2024:

- Notes (Long Term Debt):

7.125% senior unsecured notes due 2027;

USD 100 million

5.875% senior unsecured notes due 2029;

USD 600 million

- Cash:

C $ 86 million

* C $ 64 million of this was held in USD funds

F/X used in TRANSLATION: US$1 = C$1.3687

***

- so IN THEORY, they STILL HAVE TO REDEEM and CANCEL USD 100 million of the 7.125% 2027 SENIOR UNSECURED NOTES

z173

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