The wire has been cut and joined into a few times, so want to get new complete cable inside conduit to prevent this happening again.
the meter should be in your property, it is the responsability of the utility co. to bring the wires to your property,
I have seen power meters up on the pole, so to prevent home owners to tamper with it.
but that put the owner at risk of someone to tap his line [your case i think]
tell your utility co. how am i going to keep track of the power i use if the meter is so far?
how am i going to prevent anyone from tapping the power line? [after the meter, so i will paying for it]
getting the wires inside a conduit just will make more difficult to tap the wires, but not impossible