MEG-T
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.
They have paid down debt, but their balance sheet is not yet where investors want. Their assets were in demand from Husky. If oil prices strengthen, he does not expect this to exist for long since it is a big cashflow machine. It is hedge-fund heavy but he would buy a little if you are bullish on oil. (Analysts’ price target is $3.99)
They have paid down debt, but their balance sheet is not yet where investors want. Their assets were in demand from Husky. If oil prices strengthen, he does not expect this to exist for long since it is a big cashflow machine. It is hedge-fund heavy but he would buy a little if you are bullish on oil. (Analysts’ price target is $3.99)
ATH vs HSE vs MEG? The clear stand out is MEG, who is 55% hedged at $59 oil prices. ATH has a high cost project with Hangingstone and is burning cash, although they have enough liquidity for the next 9 months. He would never own HSE, because of their ESG issues. All bets are off for all of them if $25 oil prices remain in 2021.
ATH vs HSE vs MEG? The clear stand out is MEG, who is 55% hedged at $59 oil prices. ATH has a high cost project with Hangingstone and is burning cash, although they have enough liquidity for the next 9 months. He would never own HSE, because of their ESG issues. All bets are off for all of them if $25 oil prices remain in 2021.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 7
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 9
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
In the last year, 9 stock analysts published opinions about MEG-T. 7 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for MEG Energy Corp.
MEG Energy Corp was recommended as a Top Pick by Eric Nuttall on 2021-02-09. Read the latest stock experts ratings for MEG Energy Corp.
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.
9 stock analysts on Stockchase covered MEG Energy Corp In the last year. It is a trending stock that is worth watching.
On 2021-03-02, MEG Energy Corp (MEG-T) stock closed at a price of $6.53.
