MEG Energy Corp T.MEG

SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?

[ztransforms173]

See:

https://stockhouse.com/companies/bullboard?symbol=gfr&postid=36230942

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[robert41]

Why? Meg has enough inventory for the next 50 years.

[ztransforms173]

- for BETTER DIVERSIFICATION and OPERATIONAL REASONS * a PLANE CRASHS into the Chistina Lake processing facilities ** GFR assets KEEP BOP FLOWING while Chistina Lake is in a MAJOR TURNAROUND - LARGER economies of SCALE resulting in LOWER PER UNIT OPERATING COSTS * SINGLE TECHNICAL and MANAGEMENT and FINANCIAL  TEAMS instead of TWO ** sharing of TRANSPORTATION and STORAGE FACILITIES

[robert41]

Hope it doesn't happen Meg has worked hard getting the float and debt down now it's growing nicely. Unless it's a great deal immediately accretive then why bother. As always the buyers shares get whacked and us shareholders are holding the bag for a year or so while they integrate the companies. Then the conversation is right back to share float and debt. I doubt it will happen Meg can

[ztransforms173]

- the EXTRA DEBT would be VERY MANAGEABLE: * USD 239 million  2028 12.00% Senior Secured Notes being REDEEMED and CALLED IN - I IMAGINE that it would be AN ALL SHARE BUYOUT with the GFR shareholders being EXTREMELY HAPPY to HAVE MEG shares [LIQIUDITY enters the chat] - with an EXTRA 22-25K bbl/d BOP, MEG 'would RAISE the MINIMUM NET DEBT LEVEL from USD 600 million to AT LEAST USD 750

[robert41]

Fair points see what happens .. being a GFR shareholder is IRRELEVANT to the ANALYSIS and DISCUSSION {you think that the BODs of MEG are going to LISTEN TO ME}... not sure what you mean I never said anything about mgmt listening to you. Highly un likely they would be reading goofy stockhouse. 

[Fuzman5902]

5 Years ago I would have agreed with you. Organic growth might be the least exspensive route but takes way to long.   Economy of scale matters, they need to increase production 25-50%  (preferably higher)  within the next 12-18 months.  VII & ARX had over 4 B in debt prior to merger, look @ them now debt down over 60% & share  count @ least 20%.  My

[Offgridtrader]

I agree. Waste of capital (at this moment in time)... They should buyback stock by the bucket full year over year before a move like this. Once they reach their ultimate debt target I would much prefer to see MEG turn into a cash machine with a small footprint and small float with a chart like IMO and gobs of dividend landing landing in our accounts.  A move like this would see longer term

[robert41]

I agree ....cash is king always .....they will have an opportunity at some point but don't need to do it now.  Meg will reach its debt target this fall. There will be shocks in the oil market there always is putting yourself in a position to take advantage of that is key.