PAST TOP PICK
MEG Energy Corp
(A Top Pick Aug 12/22, Up 16%)

Should meet final debt target by end of this year. After that, has committed 100% of free cashflow to shareholders and buying back stock. Remains incredibly bullish on it, more than a double from here.

oil / gas
HOLD
MEG Energy Corp

Not a bad chart. Bit of resistance coming up. Maybe $3-4 upside. If it tests and breaks above $24, that would be good. Hasn't bought because upside is to $24 and not sure it will break out. If you own it, it's great. Could also be a short-term trade.

oil / gas
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
MEG Energy Corp
Stockchase Research Editor: Michael O'Reilly

Generating $1.2b in free cash flow, despite lower energy prices, makes MEG a TOP PICK.  It has been prudently using some cash reserves to retire debt and buy back shares. The company just received a credit rating upgrade.  It trades at 1.5x book and supports a ROE of 14%.  We recommend a stop-loss at $15, looking to achieve $26 -- upside potential of 26%.  Yield 0%  

(Analysts’ price target is $26.21)
oil / gas
BUY
MEG Energy Corp
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Profit fell 78% on lower oil prices; to 28c per share from $1.15. Revenue fell 3.3% on a 5.2% increase in production.
Debt was reduced by $117M and buybacks were $103M. EPS did miss estimates by 28%.
The stock is cheap at 8X earnings. The balance sheet is improving.
Despite the miss, what it can control (production) was good, and it is priced very well.
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oil / gas
HOLD
MEG Energy Corp

Lots of leverage to oil prices, long-life reserves. Strong free cashflow yield where oil prices are today. If oil sits between $70-80 over the next 5 years, hold for yield, decreased debt, share buybacks, potential dividend growth.

oil / gas
WEAK BUY
MEG Energy Corp
MEG vs. ATH

Doesn't own either. Usually sticks with light oil, but see his Top Picks. If he had to choose, he'd pick MEG: larger market cap, better liquidity and institutional ownership. 

ATH is more focused on debt reduction. It does buybacks, and he prefers dividends for income. Rocky stock performance. 

oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Jun 03/22, Down 16%)

Largest holding in fund and continues to own shares.
Highly leveraged to the price of oil.
Expecting a 100% gain in share price.
Premium quality asset and very long reserve life.
Returning 100% of cash flow to shareholders by the end of the year.
Will continue to own shares.

oil / gas
PARTIAL SELL
MEG Energy Corp

A small cap energy name has outperformed bigger peers. A great performer. He remains bullish oil, but shares are ahead of its skiis. Take profits.

oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Mar 04/22, Up 16%)

Will continue own shares.
10% weighting of fund (largest holding).
35 year reserve life index.
Publicly declared 100% return of free cash flow by the end of the year.
Has pledged to buyback shares.
6x multiple (12% free cash flow yield) equates to $47 share price.



oil / gas
COMMENT
MEG Energy Corp
Rotate between MEG and BIR?

Makes sense. MEG is a pure oil play with long-life reserves, and BIR is more levered to natural gas. You're adding a new level of risk to switch back and forth. The risk is you do it at the wrong time and end up losing. The volatility is beautiful on the upside, but kills you on the downside. Instead, buy ARX with decent nat gas, and a light oil play since they bought Seven Generations, and production growth. Then you don't have to make the decisions about moving back and forth. 

oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Jan 28/22, Up 44%) If bullish on oil, very good name to buy. Strong leverage on oil price. Company trading at 33% free cash flow (privatize in 3 years). 35 years of reserves. Example of mis-pricing in energy shares. Expecting a double in share price.
oil / gas
TOP PICK
MEG Energy Corp
Pure play oil sands company. 2023 will pay 100% back to shareholders. 35 years of production that shareholders only have to pay 3 years price for. Expecting a 100% return on the shares. Company has large amounts of tax loses. Expecting company to sell given value of shares on the market.
oil / gas
BUY ON WEAKNESS
MEG Energy Corp
Huge exposure to energy prices and will benefit from higher energy prices. Paying down debt and is returning capital to shareholders. Good long term company with strong prospects.
oil / gas
TOP PICK
MEG Energy Corp
Has 35 years of reserves. As they buy back shares the price goes up. Trading at 32% of free cash flow at $100 oil and is committed to paying back 32% in a year's time. Still paying down debt and has no need to buy more land. Has 127% potential upside.Buy 8, Hold 6, Sell 0. (Analysts’ price target is $23.21)
oil / gas
TOP PICK
MEG Energy Corp
Highest conviction name. 35 years of stay flat inventory with less than 3x cash flow. Trading at 30% free cash flow. Aggressively paying down debt. Expecting company to buyback 42% of shares. Expecting a multiple of 6x, or $42 share price.
oil / gas
Showing 1 to 15 of 111 entries

MEG Energy Corp(MEG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 10

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, 10 stock analysts published opinions about MEG-T. 7 analysts recommended to BUY the stock. 1 analyst 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?

10 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 2023-06-01, MEG Energy Corp (MEG-T) stock closed at a price of $21.29.