Buy, Sell or Hold: MEG Energy Corp (MEG-T) — Stock Predictions at Stockchase

TSE:MEG

21.96

0.14 (0.64%) 1d

Showing 1 to 15 of 94 entries

HOLD

He's very bullish on the Canadian oil & gas sector. Penalized by its high debt. But very high cashflows mean it's improved its balance sheet. The kind of stock Canadians should continue to own.

oil / gas

WEAK BUY

Focused on making its environmental footprint as positive as it can be, and the team has done a good job. Paying down debt, and once it does that you'll see moderate growth and shareholder returns.

oil / gas

HOLD

Hold on to it but then exit early to mid May. One of his favourites in the energy sector is CNQ and other larger names. We are at the tail end of the smaller names.

oil / gas

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company beat estimates with revenues 15% better than estimates. Revenues nearly doubled. They are planning for a 10% buyback. They do have extreme leverage to higher oil prices. Unlock Premium - Try 5i Free

oil / gas

TOP PICK

Best opportunity for oil investors. Currently trading at ~2.8x cash flow and 39% free cash flow yield. Expecting net cash on balance sheet next year (no debt). Starting a 10% share buyback. 30 years of inventory. ~3 years of cash flow can retire all of debt. Investors getting 27 years of dividend for free. Expecting a $44 share price (strip prices).

oil / gas

HOLD

Spinning out money and operating costs are lower. Possible take-over prospect.

oil / gas

TOP PICK

Not much value being placed on long term assets. 40% free cash flow yield at $80/barrel oil price. Company could privatize in 2.5 years with free cash flow. Paying down debt and cleaning up balance sheet. $50 share price valuation at $100 barrel oil price.

oil / gas

PAST TOP PICK

(A Top Pick Nov 20/21, Up 217%) You get leverage to a rising oil price since it is unhedged. Has differential exposure to WCS differentials. At $80 oil, they will reach their next hurdle for cashflow. Upwards of 20% of shares being retired every year. Could privatize themselves in a couple years with cashflow. Target of a 6x multiple.

oil / gas

BUY

Owns it for the longevity of the assets and miss pricing. Leverage has always been a problem. Trading at 44% free cashflow yield at $70 oil. Fair multiple is 6x, which would bring free cashflow to 15%. Would get a $20 target with this. The stock could continue to work. On the cusp of return of capital.

oil / gas

BUY

How could you not like MEG? Massively de-leveraging. Will be going to the balance sheet. Next year, should return a lot of capital. 24% free cashflow at $70 oil. Could buy back all stock in a year. Inevitably will get scooped up. Expects for this to do very well. A 6x multiple would be realistic with free cashflow and asset quality. Quite bullish on the name. 8% weighting in his fund right now.

oil / gas

BUY

$70 oil prices seemed not possible last year. MEG was one of the names most leveraged to rising oil prices. The longer you hold at these levels, you will gain because the stock is catching up to the commodity price. Could continue to move higher even after this large move.

oil / gas

PAST TOP PICK

(A Top Pick May 15/20, Up 137%) A core holding for him. Must own if you are bullish on oil. Using all free cashflow to de-lever. 2.6x debt to cashflow next year at $60 oil. Spending some money to scale production to reach critical mass. Trading at under 5x cashflow with 33% free cashflow yield. Once debt is paid down, they can start increasing dividend and buybacks. At $60 oil, target is $10.80, $70 oil would be $18.64.

oil / gas

PAST TOP PICK

(A Top Pick Apr 03/20, Up 197%) Remains a top holding. A pure play on heavy oil producer. Incredibly mispriced. It would be trading at 4.2x cashflow at $60 oil. High quality name. By next year, expects them to buy back their stock in a meaningful way. Expects to trade at $13.50 per share. Has been paying down debt aggressively. A 9% weighting for him.

oil / gas

BUY

A heavy oil pick pipelines down the coast with 66% of volumes. At $60 oil. Generates $900 million in fresh cash flow before hedges. They can delever quickly--and heavy debt has long been a knock against MEG. It trades at 4x 135% upside. He wants only oil stocks offering at least 100% upside. It's a free cash flow machine.

oil / gas

DON'T BUY

WCP-T vs. MEG-T. WCP-T is more towards the high quality side. It has performed excellently and rolled up some smaller companies. They will continue to consolidate the space and the dividend is safe. MEG-T is more leveraged to the upside. WCP-T is more of a safe haven. He prefers WCP-T.

oil / gas

Showing 1 to 15 of 94 entries

MEG Energy Corp(MEG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 9

Stockchase rating for MEG Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

MEG Energy Corp(MEG-T) Frequently Asked Questions

What is MEG Energy Corp stock symbol?

MEG Energy Corp is a Canadian stock, trading under the symbol MEG-T on the Toronto Stock Exchange (MEG-CT). It is usually referred to as TSX:MEG or MEG-T

Is MEG Energy Corp a buy or a sell?

In the last year, 9 stock analysts published opinions about MEG-T. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MEG Energy Corp.

Is MEG Energy Corp a good investment or a top pick?

MEG Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for MEG Energy Corp.

Why is MEG Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is MEG Energy Corp worth watching?

9 stock analysts on Stockchase covered MEG Energy Corp In the last year. It is a trending stock that is worth watching.

What is MEG Energy Corp stock price?

On 2022-05-27, MEG Energy Corp (MEG-T) stock closed at a price of $21.96.

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