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
TOP PICK
MEG Energy Corp
Single asset company (oil) with large amount of torque/exposure to energy prices. 35 years of inventory (oil reserves) and only paying for 2 years at current share price. Expecting 50% of free cash flow next quarter and 100% this time next year. Expecting a 6x multiple on current share price which implies a $42 share price. Large share price discount being presented to investors(~2.5 cash flow).
oil / gas
TOP PICK
MEG Energy Corp
Direct play on all time high heavy oil prices. Company committed to returning capital back to shareholders (recently bought 3.5 million shares back). Have pledged to return 100% free cash flow yield back to shareholders once debt paid back. Long reserve life with high cash flow yields, will lead to massive share price appreciation (85% upside).
oil / gas
HOLD
MEG Energy Corp
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
MEG Energy Corp
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
MEG Energy Corp
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
MEG Energy Corp

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
MEG Energy Corp
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
MEG Energy Corp
Spinning out money and operating costs are lower. Possible take-over prospect.
oil / gas
TOP PICK
MEG Energy Corp
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
MEG Energy Corp
(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
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MEG Energy Corp(MEG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

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, 7 stock analysts published opinions about MEG-T. 4 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?

7 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 2023-01-27, MEG Energy Corp (MEG-T) stock closed at a price of $21.73.