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Investor Insights

This summary was created by AI, based on 22 opinions in the last 12 months.

MEG Energy Corp is a Canadian energy company that has been performing well and achieving its targets. Experts are bullish on the stock due to its long-life reserves, good balance sheet, and potential for share buybacks. The company has been reducing its debt and generating significant free cash flow. Overall, it is seen as a strong player in the energy sector with potential for growth.

Consensus
Bullish
Valuation
Fair Value
BUY ON WEAKNESS
MEG Energy Corp

More defined uptrend than other charts, starting to pull back. Might pull back to the trendline, but by just a few percentage points, not a crash and burn on the sector. Great point to add to or start positions.

oil / gas
DON'T BUY
MEG Energy Corp

He doesn't own any exploration & production companies, too tied to price of oil. If he were to invest, CNQ would be his top choice. The world needs Canadian oil, and now they can get it with the Trans Mountain expansion. 

oil / gas
BUY
MEG Energy Corp

Has taken profits, because the CEO changed (whom he's met), but really it was due to valuation, which has risen with the share price. He sees less, but still decent upside in this. Likes their long-dates reserves, good free cash flow yield and benefits from the WCS differential. Foreign investors will return to Canadian energy stocks when they realize that shale producers have inventory challenges (weak quality and quantity). He targets $42-43. They will be debt free in Q2, he expects.

oil / gas
BUY
MEG Energy Corp

His biggest holding though has reduced it. Trades at 13% free cash flow yield, so as shares have risen, that yield has declined. The new CEO looks capable and he remains bullish MEG. He expects a change in Ottawa next year which will be reduce political risk. Meg should hit its debt target in Q3 which could trigger share buybacks. He targets $42 or 31% upside.

oil / gas
Unspecified
MEG Energy Corp

He likes it since it has long life reserves of 50 years and a good balance sheet. The world will need energy security, therefore oil and gas production will still be needed. It has had a great run so Cenovus looks a bit cheaper.

oil / gas
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
Showing 1 to 15 of 130 entries

MEG Energy Corp(MEG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 1

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. 16 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 2024-05-29, MEG Energy Corp (MEG-T) stock closed at a price of $29.75.