MEG Energy Corp T.MEG

BULLETPROOF: MEG has SURPASSED USD 600M NET DEBT TARGET !

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- they are NOW AT USD 600 million LONG-TERM DEBT

- ALL in the 2029 5.875% Senior UNSECIRED Notes

- they had  REACHED the 100% RETURN to shareholders FRAMEWORK on August 22, 2024

- NVA and GFR are the LOGICAL TAKEOVER INDUSTRIAL TARGETS of MEG

- MEG has PLENTY of MEG STOCK CAPITAL and DEBT RUNWAY to MOUNT a SUCCESFUL BUYOUT in a PRUDENT and DEFENSIVE MANNER even while INVESTING in a MODEST GROWTH PROFILE 

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[vwbusman]

Would be nice if they put out a press release to note that they have achieved the debt target - some good news to counter the blood bath out there - the energy space is so tough to stomach

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vwbusman - (9/27/2024 7:43:30 AM)   RE:BULLETPROOF: MEG has SURPASSED USD 600M NET DEBT TARGET !   Would be nice if they put out a press release to note that they have achieved the debt target - some good news to counter the blood bath out there - the energy space is so tough to stomach *** - you GOT your REQUEST z173  

[vwbusman]

Yes!  Go MEG ! Another company just like ATH that knows how to run a business! Cheers Z

[robert41]

About time heck of a move this morning has to be one of the best out there for torque low share float and going lower low debt 100k plus in production and going higher access to tmx for higher oil prices. I think rbc target of $35 is low I'm extremely biased given its my largest holding now. If we even get back to $75 oil the cash flows will be crazy. GLTA 

[Fuzman5902]

Both companiess offer unique challenges. What does it cost for all or the majority of POU's position in NVA? How much of a sweetener would be needed for GFR?  Fuz

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from SEDI: Date Issuer Insider Transaction Amount New Balance Filed 2024-04-12 11:31   Tx date 2024-04-11 $NVA NUVISTA ENERGY LTD. Paramount Resources Ltd. 3 - 10% Security Holder of Issuer Direct Ownership Common Shares 10

[Fuzman5902]

Unfortforunately they still own 15% of the company, what does it cost you to  keep them happy? You don't mind over paying as long as it's within reason. This might be a $ 3B company but not today. Fuz

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- NVA has RELATIVELY LOW LONG-TERM  DEBT @ 6/30/2024: -  $ 166 million 7.875% 2026 Senior UNSECURED Notes -  $ 50 million credit facility -  $ 16 million EDC letter of credit - so the BUYOUT will be in MOSTLY MEG common shares - so the NVA DEBT that must be PAID OFF in the ACQUISITION is a VERY DOABLE $ 232 million  - afterward, $ 16 million EDC letter of

[Fuzman5902]

I believe they are arm's length with NVA ?  Just don't wan't to give up a board seat if they still held 4-5% of the new company. Fuz

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- another BIG INSIDER in NVA: GMT CAPITAL CORP.  (@ 3/22/2024): 20,844,000 NVA shares - GMT were FURIOUS when WATEROUS through SCR TOOK OUT PIPESTONE ENERGY {they were a MAJOR shareholder of Pipestone} - as far as I can TELL, POU has NO NVA BODs SEAT(S) - remember that POU bought NVA shares for something like 70 CENTS z173

[Fuzman5902]

GMT CAPITAL CORP.  (@ 3/22/2024): 20,844,000 NVA shares - GMT were FURIOUS when WATEROUS through SCR TOOK OUT PIPESTONE ENERGY {they were a MAJOR shareholder of Pipestone} More friends the better - as far as I can TELL, POU has NO NVA BODs SEAT(S) Pretty sure they don't either  - remember that POU bought NVA shares for something like 70 CENTS Heck

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- MEG will NEVER give POU a BODs SEAT if they BUY OUT NVA - MEG will ONLY CONTEMPLATE giving BODs SEATS to the ENTITY that has GREATER than a 10% interest in MEG Energy like they DID with the New York HEDGE FUND who got COLD FEET and SOLD  z173