MEG Energy Corp (MEG-T) Stock Predictions - Stockchase
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MEG Energy Corp (MEG-T)

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MEG Energy Corp

MEG-T

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MEG Energy Corp (MEG-T) SAVE Apr, 22, 2019, 11:51 pm

6.63 0.16 (2.47%)

About MEG Energy Corp (MEG-T)

MEG Energy is a pure play Canadian oil sands producer engaged in exploration in Northern Alberta. All of its oil reserves are more than 1,000 feet below the surface and so they depend on steam-assisted ... More at Wikipedia

What the experts are saying about MEG-T



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Signal Opinion Expert
BUY
MEG Energy Corp(MEG-T) 

April 15, 2019

He's trimmed his energy holdings to 5%, but is now buying back because energy is coming back. MEG is his top choice here and bought some last week. MEG is the most undervalued Canadian energy stock. Oil though can be volatile.
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He's trimmed his energy holdings to 5%, but is now buying back because energy is coming back. MEG is his top choice here and bought some last week. MEG is the most undervalued Canadian energy stock. Oil though can be volatile.
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Michael Decter

President , Lawrence Decter Inve...

Price Price
$6.140
Owned Owned
Yes

BUY
MEG Energy Corp(MEG-T) 

March 11, 2019

All oil stocks have had a nice bounce-back. The risk behind crude is over and upside is coming. He'd buy this and oil stocks.
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All oil stocks have had a nice bounce-back. The risk behind crude is over and upside is coming. He'd buy this and oil stocks.
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$5.140
Owned Owned
Unknown

BUY
MEG Energy Corp(MEG-T) 

March 8, 2019

MEG was down on release of Q4 results. It gives exposure to heavy oil in Alberta. They can keep production cap and generate $527M in free cashflow based on $60 oil next year. If they chose to buyback stock, they could purchase 36% of their shares outstanding in 1 year. They are focusing on delevering the company. They can service their current debt and thinks they may be better off to buyback shares. Extremely undervalued.
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MEG was down on release of Q4 results. It gives exposure to heavy oil in Alberta. They can keep production cap and generate $527M in free cashflow based on $60 oil next year. If they chose to buyback stock, they could purchase 36% of their shares outstanding in 1 year. They are focusing on delevering the company. They can service their current debt and thinks they may be better off to buyback shares. Extremely undervalued.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.070
Owned Owned
Yes

TOP PICK
MEG Energy Corp(MEG-T) 

March 8, 2019

The street is not appreciating how much cash flow this company is generating. The balance sheet at $55 oil or higher is absolutely not an issue. Yield = 0.0% (Analysts’ price target is $7.78)
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The street is not appreciating how much cash flow this company is generating. The balance sheet at $55 oil or higher is absolutely not an issue. Yield = 0.0% (Analysts’ price target is $7.78)
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.070
Owned Owned
Yes

COMMENT
MEG Energy Corp(MEG-T) 

January 25, 2019

What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
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What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.530
Owned Owned
_N/A

TOP PICK
MEG Energy Corp(MEG-T) 

January 25, 2019

The highest leverage to both rising oil prices and tighter WCS differentials. He thinks WCS will trade to $17-$20 for the next few years. For every $1 change in oil prices, he thinks their share price will improve by $1. Husky walking away was a great opportunity to buy at a great value. Yield 0%. (Analysts’ price target is $8.23)
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The highest leverage to both rising oil prices and tighter WCS differentials. He thinks WCS will trade to $17-$20 for the next few years. For every $1 change in oil prices, he thinks their share price will improve by $1. Husky walking away was a great opportunity to buy at a great value. Yield 0%. (Analysts’ price target is $8.23)
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.530
Owned Owned
Yes

WATCH
MEG Energy Corp(MEG-T) 

January 17, 2019

It dropped because Husky dropped their bid for the company. Can MEG make it on its own or are there other potential buyers – he would not hold his breath. It will continue to de-lever and become more attractive in the marketplace. Another potential bidder may not have to be in a hurry to buy it.
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It dropped because Husky dropped their bid for the company. Can MEG make it on its own or are there other potential buyers – he would not hold his breath. It will continue to de-lever and become more attractive in the marketplace. Another potential bidder may not have to be in a hurry to buy it.
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$5.500
Owned Owned
No

COMMENT
MEG Energy Corp(MEG-T) 

January 14, 2019

Taking a counter-cyclical view, Husky is investing upstream. His best guess is that the Husky closes. It's unlikely there'll be a white knight for MEG.
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Taking a counter-cyclical view, Husky is investing upstream. His best guess is that the Husky closes. It's unlikely there'll be a white knight for MEG.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$8.150
Owned Owned
Unknown

COMMENT
MEG Energy Corp(MEG-T) 

December 21, 2018

Breaking News The unsolicited offer has been given an exemption by the ASC that avoids having to provide identical consideration to all securities holders. This means MEG will plan to waive its shareholder rights plan, but still plans to reject the offer the Husky. He feels this is an unusual decision by the ASC and MEG, but does not have an opinion on the issues.
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Breaking News The unsolicited offer has been given an exemption by the ASC that avoids having to provide identical consideration to all securities holders. This means MEG will plan to waive its shareholder rights plan, but still plans to reject the offer the Husky. He feels this is an unusual decision by the ASC and MEG, but does not have an opinion on the issues.
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Don Lato

President, Padlock Investment M...

Price Price
$7.430
Owned Owned
_N/A

COMMENT
MEG Energy Corp(MEG-T) 

December 14, 2018

Do you like the MEG - HSE merger? He has been a supporter of tightening heavy differentials. He no longer holds MEG-T and regets it -- because it really is a high torque heavy oil company. The street does not think HSE-T will have to increase the bid to buy them. If you hold MEG-T you are essentially holding HSE-T now. He thinks there are better companies to invest in to maximize your exposure to heavy oil improving.
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Do you like the MEG - HSE merger? He has been a supporter of tightening heavy differentials. He no longer holds MEG-T and regets it -- because it really is a high torque heavy oil company. The street does not think HSE-T will have to increase the bid to buy them. If you hold MEG-T you are essentially holding HSE-T now. He thinks there are better companies to invest in to maximize your exposure to heavy oil improving.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$8.160
Owned Owned
No

HOLD
MEG Energy Corp(MEG-T) 

December 12, 2018

When the Husky deal was announced he sold their position into this. The energy space is out of favour right now -- especially heavy oils. He would not step in, but would continue to hold if he had it.
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When the Husky deal was announced he sold their position into this. The energy space is out of favour right now -- especially heavy oils. He would not step in, but would continue to hold if he had it.
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Bruce Campbell

President , Stone Castle Investm...

Price Price
$8.140
Owned Owned
No

COMMENT
MEG Energy Corp(MEG-T) 

November 28, 2018

Husky Energy is bidding for this at $11/share and trading at $8.01 today, so if the bid is approved, will a shareholder get that $11/share buying at $8.01? No, because it's not a cash bid, but a hostile one in shares at 0.57 shares of Husky. Meg is tracking Husky down. It's now trading at a 60-cent implied discount to the Husky bid. He expects this deal to go through. Meg is worth about $8.60/share in terms of Husky shares, then you'll end up owning shares of Husky, then you can decide what to do with them (hold or sell). So, you'd buy shares of Meg, short Husky and hope to pick up that 60 cents when the deal closes.
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Husky Energy is bidding for this at $11/share and trading at $8.01 today, so if the bid is approved, will a shareholder get that $11/share buying at $8.01? No, because it's not a cash bid, but a hostile one in shares at 0.57 shares of Husky. Meg is tracking Husky down. It's now trading at a 60-cent implied discount to the Husky bid. He expects this deal to go through. Meg is worth about $8.60/share in terms of Husky shares, then you'll end up owning shares of Husky, then you can decide what to do with them (hold or sell). So, you'd buy shares of Meg, short Husky and hope to pick up that 60 cents when the deal closes.
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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$7.980
Owned Owned
Unknown

COMMENT
MEG Energy Corp(MEG-T) 

November 16, 2018

He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
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He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$9.100
Owned Owned
No

HOLD
MEG Energy Corp(MEG-T) 

October 15, 2018

It is the subject of a hostile takeover challenge.  He thinks you should get the opinion of more under-the-hood kinds of guys.  The market is trading above the takeover bid which indicates there is a possible higher bid.

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It is the subject of a hostile takeover challenge.  He thinks you should get the opinion of more under-the-hood kinds of guys.  The market is trading above the takeover bid which indicates there is a possible higher bid.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$10.530
Owned Owned
Unknown

WAIT
MEG Energy Corp(MEG-T) 

October 10, 2018

Trading slightly above the take-out price (Husky is doing a hostile takeover). Maybe Cenovus will step in. It's difficult to
buy the oil sands given the deep WCS discount. Wait.

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Trading slightly above the take-out price (Husky is doing a hostile takeover). Maybe Cenovus will step in. It's difficult to
buy the oil sands given the deep WCS discount. Wait.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$10.720
Owned Owned
Unknown

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