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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > Current debt position Meg
View:
Post by Coolson on Sep 29, 2022 8:43am

Current debt position Meg

Can you please kindly advise on current debt position in USD and prospects on achiving second debt level?
Comment by Fuzman5902 on Sep 29, 2022 9:27am
Meg had 1,6 B in debt exiting Q2 (Check the Financials) As far as reaching 2nd debt level it all depends how much money they made in Q3 & what you expect Q4 will be like. I don't think meg was able to purchase 75% of their fcf in debt, as the notes became to exspensive & the sellers dried up. Does the model change if the debt hasn't been paid off but the cash is in the ...more  
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