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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 > SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?
View:
Post by ztransforms173 on Sep 19, 2024 10:59am

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

Comment by robert41 on Sep 19, 2024 1:20pm
Why? Meg has enough inventory for the next 50 years.
Comment by ztransforms173 on Sep 19, 2024 1:40pm
- 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 ...more  
Comment by robert41 on Sep 19, 2024 3:30pm
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 ...more  
Comment by ztransforms173 on Sep 19, 2024 4:29pm
- 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 ...more  
Comment by robert41 on Sep 19, 2024 5:34pm
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. 
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