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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > BINGO: MEG WIPES BIG CHUNK Of REMAINING 2027 7.125% Notes
View:
Post by ztransforms173 on Aug 22, 2024 7:36pm

BINGO: MEG WIPES BIG CHUNK Of REMAINING 2027 7.125% Notes

from SEDI:

Filed 2024-08-22 12:00
 
Tx date 2024-08-22		 $MEG
MEG Energy Corp.		 MEG Energy Corp.
1 - Issuer
Direct Ownership
Notes 7.125% Senior Notes due 2027
38 - Redemption, retraction, cancellation, repurchase
-$37,000,000 vol		 $0  
Filed 2024-08-22 11:59
 
Tx date 2024-08-22		 $MEG
MEG Energy Corp.		 MEG Energy Corp.
1 - Issuer
Direct Ownership
Notes 7.125% Senior Notes due 2027
38 - Redemption, retraction, cancellation, repurchase
+$37,000,000 vol		 $37,000,000


- 2027 7.125% Notes LEFT TO REDEEM and CANCEL:

* by my calculations: USD 57 million

z173
Comment by ztransforms173 on Aug 22, 2024 7:46pm
- IF they are CARRYING C$ 78 million in CASH DEPOSITS and EQUIVALENTS then they have OFFICIALLY REACHED their USD 600 MILLION NET DEBT TARGET - so the BODs have GREAT TIMING: The Board of Directors also declared a quarterly cash dividend of $0.10 per share payable on October 15, 2024 to shareholders of record at the close of business on September 17, 2024. All ...more  
Comment by robert41 on Aug 23, 2024 10:55am
Thx for posting Z 
Comment by vwbusman on Aug 27, 2024 6:29am
This is good news.  Let's hope buybacks can increase significantly now and start getting the share price on an upward trend - we seem to be lagging in SP to some of the other oils like ATH
MEG Energy Corp
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