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Investor Insights

This summary was created by AI, based on 21 opinions in the last 12 months.

Based on the reviews from different experts, MEG Energy Corp is considered a top pick by many analysts due to its high free cash flow, low decline assets, and long reserve life index. The company is highly leveraged to the price of oil, with the potential for share price gains. The management's strategy and balance sheet are praised, and there is a consensus that the stock has significant upside potential, especially if oil prices remain strong.

Consensus
Bullish
Valuation
Undervalued
PAST TOP PICK
MEG Energy Corp
(A Top Pick Nov 15/23, Up 9%)

One of the best-performing Canadian energy stocks so far this year. An intermediate oil producer. Is always talk of it getting taken over by Suncor  or a U.S. company. It holds long-life, low-decline assets. He sees 25-30% upside.

oil / gas
TOP PICK
MEG Energy Corp

Heavy oil company with very long reserve life index. Likes strategy of management. Producing very high cash flows. No cash taxes. Worried about acquisition target, but would require a premium to share price. Strong CEO with excellent track record. 

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

PAST TOP PICK
MEG Energy Corp
(A Top Pick May 16/23, Up 19.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEG has triggered its stop at $24.  To remain disciplined, we recommend covering the position at this time.  Combined with our previous recommendations, this will result in a net investment gain of 24%.  

oil / gas
BUY
MEG Energy Corp

Likes it. Similar valuation to SU on cashflow, but with 35 years of reserves.

oil / gas
TOP PICK
MEG Energy Corp

Pure play on heavy oil. Long-life, low-decline, very scalable assets. Production easily doubled due to size of resource. Highly leveraged to any upside in oil. Sightline to greater ROC of 50-75% via share buybacks. High quality. M&A candidate for Suncor. No dividend.

(Analysts’ price target is $30.92)
oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Nov 25/22, Up 45%)

Still sees meaningful upside. Expecting $80 oil going forward which is good for bottom line. At least 35 years of stay flat inventory. Expecting final debt target in Q1 2024. 100% of cash flow expected to be returned in 2024. Expecting a 6x multiple for a $37 share price. Will continue to own shares.  

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

PAST TOP PICK
MEG Energy Corp
(A Top Pick May 16/23, Up 32.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $22) to $24 at this time. 

oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Oct 24/22, Up 39%)

Will continue to owns shares.
Can't find better names.
Singular asset (oil).
Excellent balance sheet - almost 0 debt.
High oil prices good for business.
Trading at ~4x cash flow.
35 years of reserves. 
Expecting ~$45-$50 share price. 

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

PAST TOP PICK
MEG Energy Corp
(A Top Pick May 16/23, Up 29%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEG has achieved its target at $26.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $19) to $22.  

oil / gas
BUY
MEG Energy Corp

Believes energy space very strong.
Company buying back lots of shares.
Long life asset with lots of cash flow.
Tax pools also valuable.
Oil above $75 is very good for business. 

oil / gas
PAST TOP PICK
MEG Energy Corp
(A Top Pick Sep 16/22, Up 31%)

Thesis hasn't changed. If you're bullish oil, he can't find a better name. The largest weighting in his fund at around 12%. 50% of free cashflow goes to shareholders, the rest goes to pay down debt. Solid name.

oil / gas
BUY
MEG Energy Corp

A great chart. Even in a pullback, it will just return to its trendline.

oil / gas
COMMENT
MEG Energy Corp

Editor's Note; This should be added to the rest of today's (Monday) Market Call comments. Energy stocks have had similar patterns. You could gingerly step into energy since there should be an eventual breakout. MEG is going sideways and therefore falls into the typical energy pattern. It has an OK chart. Buy at the bottom of the range.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

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

PAST TOP PICK
MEG Energy Corp
(A Top Pick May 16/23, Up 8.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEG is progressing well.  We now recommend trailing up the stop to $19 at this time.  

oil / gas
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
Showing 1 to 15 of 125 entries

MEG Energy Corp(MEG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 18

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, 18 stock analysts published opinions about MEG-T. 15 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?

18 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 2024-03-18, MEG Energy Corp (MEG-T) stock closed at a price of $30.35.