MEG Energy Corp

MEG-T

Analysis and Opinions about MEG-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 10, 2016

A challenge in that you have to have a significant bullish sentiment on oil/gas prices, especially oil, to be invested in it. Has significant debt. The maturity for the debt is pretty long dated, such as 2020-2021, however their interest payments per BOE is around $10. They are attempting to address this by potentially selling the access pipeline, but they didn’t talk about this very much in their quarter. She would stay on the sidelines until you know where oil prices are going to go and that management is able to address their debt burden.

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MEG Energy Corp (MEG-T)
February 10, 2016

A challenge in that you have to have a significant bullish sentiment on oil/gas prices, especially oil, to be invested in it. Has significant debt. The maturity for the debt is pretty long dated, such as 2020-2021, however their interest payments per BOE is around $10. They are attempting to address this by potentially selling the access pipeline, but they didn’t talk about this very much in their quarter. She would stay on the sidelines until you know where oil prices are going to go and that management is able to address their debt burden.

COMMENT
COMMENT
October 19, 2015

They are leveraged to oil because all they do is oil sands. Prices could be under pressure all of next year. The turning point was when SU-T came in with a bid for COS-T. They will be volatile for the next little while. Bottoms are starting to develop for these.

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MEG Energy Corp (MEG-T)
October 19, 2015

They are leveraged to oil because all they do is oil sands. Prices could be under pressure all of next year. The turning point was when SU-T came in with a bid for COS-T. They will be volatile for the next little while. Bottoms are starting to develop for these.

COMMENT
COMMENT
September 2, 2015

Are having a strategic review to get rid of the debt. Good company.

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MEG Energy Corp (MEG-T)
September 2, 2015

Are having a strategic review to get rid of the debt. Good company.

COMMENT
COMMENT
August 25, 2015

Debt is extremely high. Unless there is a miraculous oil recovery, there can be serious repercussions. If he is right on oil, you could double your money, but if he is wrong, it would be a struggle.

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MEG Energy Corp (MEG-T)
August 25, 2015

Debt is extremely high. Unless there is a miraculous oil recovery, there can be serious repercussions. If he is right on oil, you could double your money, but if he is wrong, it would be a struggle.

BUY
BUY
February 5, 2015

The most attractive asset for takeouts is reserves. This one has been beaten up, but could be attractive to a company that wants to build reserves. Debt comes due in 2020. You can probably sit on this one and make a lot of money. It depends on whether oil retests $44. This one bounced back because it was over depressed. Short term, the rally in Penn West is more sustainable.

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MEG Energy Corp (MEG-T)
February 5, 2015

The most attractive asset for takeouts is reserves. This one has been beaten up, but could be attractive to a company that wants to build reserves. Debt comes due in 2020. You can probably sit on this one and make a lot of money. It depends on whether oil retests $44. This one bounced back because it was over depressed. Short term, the rally in Penn West is more sustainable.

PAST TOP PICK
PAST TOP PICK
October 7, 2014

(A Top Pick Jan 17/14. Up 8.89%.) This has some of the best oil sands properties in Canada based on quality of reservoir,. They are still in the early stages of their growth profile. Feels the market is undervaluing the long-term strategic asset that they have. They have been able to access capital through equity markets and debt.

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MEG Energy Corp (MEG-T)
October 7, 2014

(A Top Pick Jan 17/14. Up 8.89%.) This has some of the best oil sands properties in Canada based on quality of reservoir,. They are still in the early stages of their growth profile. Feels the market is undervaluing the long-term strategic asset that they have. They have been able to access capital through equity markets and debt.

PAST TOP PICK
PAST TOP PICK
July 7, 2014

6.5% bond maturing March 15/21. (Top Pick Aug 13/13, Up 11.00%) A growing Canadian oil and gas story. It was building up a cash pile before Cap-X got under way. He bought more when it went on sale. It is playing out with how the stock and the debt are performing.

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6.5% bond maturing March 15/21. (Top Pick Aug 13/13, Up 11.00%) A growing Canadian oil and gas story. It was building up a cash pile before Cap-X got under way. He bought more when it went on sale. It is playing out with how the stock and the debt are performing.

PAST TOP PICK
PAST TOP PICK
June 19, 2014

(Top Pick Jan 17/14, Up 27.88%) Will benefit from Northern Gateway. Just entering into a rapid growth phase. There will be some significant jumps going forward in the near term, at least.

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(Top Pick Jan 17/14, Up 27.88%) Will benefit from Northern Gateway. Just entering into a rapid growth phase. There will be some significant jumps going forward in the near term, at least.

COMMENT
COMMENT
February 7, 2014

Doesn’t pay a dividend so she doesn’t own it in her portfolios but her company does. Good quality assets in the oil sands region. Operating results have been very good to date. Have done a good job in terms of market access and putting together solutions of pipe, rail and barge to get their product to market. Outlook is quite good. Weakening Cdn$ will bode well for their results for the next couple of quarters.

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MEG Energy Corp (MEG-T)
February 7, 2014

Doesn’t pay a dividend so she doesn’t own it in her portfolios but her company does. Good quality assets in the oil sands region. Operating results have been very good to date. Have done a good job in terms of market access and putting together solutions of pipe, rail and barge to get their product to market. Outlook is quite good. Weakening Cdn$ will bode well for their results for the next couple of quarters.

TOP PICK
TOP PICK
January 17, 2014

Looking at the global political landscape and the risks in the Middle East, etc., he thinks oil sands are undervalued by Cdn and the global investors, considering we are a safe jurisdiction and these are long life assets. Oil production is on track to double in 2014 to approximately 60,000 barrels a day.

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MEG Energy Corp (MEG-T)
January 17, 2014

Looking at the global political landscape and the risks in the Middle East, etc., he thinks oil sands are undervalued by Cdn and the global investors, considering we are a safe jurisdiction and these are long life assets. Oil production is on track to double in 2014 to approximately 60,000 barrels a day.

PAST TOP PICK
PAST TOP PICK
January 6, 2014

6.5% bond maturing March 15/21. (Top Pick August 13/13, Up 6.00%) Good management team and energy reserves. Have been penalized around expansion. Sometimes they have to come to market when it is not that open. It fluctuates. Buy it when it cheapens up.

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MEG Energy Corp (MEG-T)
January 6, 2014

6.5% bond maturing March 15/21. (Top Pick August 13/13, Up 6.00%) Good management team and energy reserves. Have been penalized around expansion. Sometimes they have to come to market when it is not that open. It fluctuates. Buy it when it cheapens up.

PAST TOP PICK
PAST TOP PICK
August 19, 2013

(Top Pick Aug 30/12, Down 14.01%) A high quality name. Fundamentally it is a very good company.

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MEG Energy Corp (MEG-T)
August 19, 2013

(Top Pick Aug 30/12, Down 14.01%) A high quality name. Fundamentally it is a very good company.

TOP PICK
TOP PICK
August 13, 2013

6.5% bond maturing March 15/21. This is located in the oil sands in Alberta. Has a significant positive growth profile over the next 2-3 years and, potential beyond that, to become a major player. Has also been embarking on a rail and barge transportation system to get some of the trapped oil out of Alberta. Just reported good numbers with strong production. The one downside is that they will have continual debt issuance because they had a big program to finance.

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MEG Energy Corp (MEG-T)
August 13, 2013

6.5% bond maturing March 15/21. This is located in the oil sands in Alberta. Has a significant positive growth profile over the next 2-3 years and, potential beyond that, to become a major player. Has also been embarking on a rail and barge transportation system to get some of the trapped oil out of Alberta. Just reported good numbers with strong production. The one downside is that they will have continual debt issuance because they had a big program to finance.

TOP PICK
TOP PICK
October 9, 2012

Superior properties, superior balance sheet, superior management, good growth trajectory. Ultimately you want to be in something that is oil levered and SAGD. Not the cheapest name on the block, but it offers you growth and exposure to oil. Oil Sands are going to grow.

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MEG Energy Corp (MEG-T)
October 9, 2012

Superior properties, superior balance sheet, superior management, good growth trajectory. Ultimately you want to be in something that is oil levered and SAGD. Not the cheapest name on the block, but it offers you growth and exposure to oil. Oil Sands are going to grow.

TOP PICK
TOP PICK
August 30, 2012

Has the best growth profile, bar none. Have some of the highest quality assets. Growing at 200,000+ barrels a day of production. Potentially a takeover candidate. You want to be in oil sands.

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MEG Energy Corp (MEG-T)
August 30, 2012

Has the best growth profile, bar none. Have some of the highest quality assets. Growing at 200,000+ barrels a day of production. Potentially a takeover candidate. You want to be in oil sands.

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