MEG Energy Corp

MEG-T

TSE:MEG

9.14
0.49 (5.66%)
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

Analysis and Opinions about MEG-T

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

Eric Nuttall
Price
$7.000
Owned
Yes
TOP PICK
TOP PICK
August 17, 2018

He is focused on WTI reaching over $80 next year and believes the market is over extrapolating the current heavy oil differential weakness too far into the future. The stock has sold off by 30% recently and thinks the NAV is $20 at current oil prices. They have large tax loss pools to draw on in the future. Yield 0%. (Analysts’ price target is $11.39)

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
August 17, 2018

He is focused on WTI reaching over $80 next year and believes the market is over extrapolating the current heavy oil differential weakness too far into the future. The stock has sold off by 30% recently and thinks the NAV is $20 at current oil prices. They have large tax loss pools to draw on in the future. Yield 0%. (Analysts’ price target is $11.39)

Eric Nuttall
Price
$7.490
Owned
Yes
DON'T BUY
DON'T BUY
August 8, 2018

A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
August 8, 2018

A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)

TOP PICK
TOP PICK
July 20, 2018

He is incredibly bullish on oil. Meg offers the highest leverage in cash flow relative to oil price. They are a 100% pure play heavy oil producer. Meg offers massive leverage. Stock is down 16% this week. Sees over 100% upside if $80 oil. (Analysts’ price target is $11.17)

Show full opinionHide full opinion

He is incredibly bullish on oil. Meg offers the highest leverage in cash flow relative to oil price. They are a 100% pure play heavy oil producer. Meg offers massive leverage. Stock is down 16% this week. Sees over 100% upside if $80 oil. (Analysts’ price target is $11.17)

Eric Nuttall
Price
$8.710
Owned
Yes
COMMENT
COMMENT
June 29, 2018

Heavy oil producer, similar to CNQ. Beaten down with lower oil prices, because of their large debt. If you think oil is going higher than $80, then there’s an opportunity there as they work through their debt. No dividend.

Show full opinionHide full opinion

Heavy oil producer, similar to CNQ. Beaten down with lower oil prices, because of their large debt. If you think oil is going higher than $80, then there’s an opportunity there as they work through their debt. No dividend.

Scott Willis
Price
$10.960
Owned
Unknown
TOP PICK
TOP PICK
June 11, 2018

A huge torque to energy prices. He is forecasting $80 oil. This offers the highest leverage to this price. They have fully funded a production ramp in excess of 110 barrels per day. After that they can harvest free cash flow and pay down debt. They have a 50 year reserve body. They could theoretically then pay you a 15% dividend for 50 years. (Analysts’ target: $9.86).

Show full opinionHide full opinion

A huge torque to energy prices. He is forecasting $80 oil. This offers the highest leverage to this price. They have fully funded a production ramp in excess of 110 barrels per day. After that they can harvest free cash flow and pay down debt. They have a 50 year reserve body. They could theoretically then pay you a 15% dividend for 50 years. (Analysts’ target: $9.86).

Eric Nuttall
Price
$9.790
Owned
Yes
COMMENT
COMMENT
January 2, 2018

This is not one you need to jump in at this stage. It looks very, very toppy where it currently is. It will probably be a news driven, commodity driven type play. If he owned it, he wouldn't let it break $5.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
January 2, 2018

This is not one you need to jump in at this stage. It looks very, very toppy where it currently is. It will probably be a news driven, commodity driven type play. If he owned it, he wouldn't let it break $5.

Elliott Fishman
Price
$5.290
Owned
Unknown
COMMENT
COMMENT
October 25, 2017

Will these types of companies be viable in a low oil price environment? This one has proved that it is going to weather the storm, so if you are a high-risk investor but want high returns, then he would just temper the amount you are investing into companies like this.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
October 25, 2017

Will these types of companies be viable in a low oil price environment? This one has proved that it is going to weather the storm, so if you are a high-risk investor but want high returns, then he would just temper the amount you are investing into companies like this.

Cole Kachur
Price
$5.350
Owned
Unknown
DON'T BUY
DON'T BUY
September 15, 2017

If you believe in significantly higher oil prices, this stock will go up several fold. If not, they are kind of stuck in the mud. They have excess financial leverage and got caught off side by the selloff in oil. There is not a lot they can do to get themselves out of this, other than a material increase in the price of oil. There are better opportunities elsewhere.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
September 15, 2017

If you believe in significantly higher oil prices, this stock will go up several fold. If not, they are kind of stuck in the mud. They have excess financial leverage and got caught off side by the selloff in oil. There is not a lot they can do to get themselves out of this, other than a material increase in the price of oil. There are better opportunities elsewhere.

Eric Nuttall
Price
$5.230
Owned
Unknown
DON'T BUY
DON'T BUY
June 20, 2017

Like all the big Canadian oil companies that are involved in heavy oil, this is not a Buy. Heavy oil is the most expensive oil on earth to produce. With shale oil coming out at $50-$60 a barrel, it will be a long time before the economies are there for the big oil sand producers to make money. Companies like this are impaired against Canadian Natural Resources (CNQ-T) and Suncor (SU-T) which have huge economies of scale.

Show full opinionHide full opinion

Like all the big Canadian oil companies that are involved in heavy oil, this is not a Buy. Heavy oil is the most expensive oil on earth to produce. With shale oil coming out at $50-$60 a barrel, it will be a long time before the economies are there for the big oil sand producers to make money. Companies like this are impaired against Canadian Natural Resources (CNQ-T) and Suncor (SU-T) which have huge economies of scale.

Bruce Murray
Price
$3.930
Owned
No
DON'T BUY
DON'T BUY
May 23, 2017

He would rather go to a casino than put money into this company. This is like your super-duper high beta bet on oil. They just have far too much debt.

Show full opinionHide full opinion

He would rather go to a casino than put money into this company. This is like your super-duper high beta bet on oil. They just have far too much debt.

Eric Nuttall
Price
$6.040
Owned
No
WATCH
WATCH
April 17, 2017

Look at a 5 year chart. It looks like there is some stability and that it is turning around, but there are still question marks in his mind. You need to take out the 2016 highs.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
April 17, 2017

Look at a 5 year chart. It looks like there is some stability and that it is turning around, but there are still question marks in his mind. You need to take out the 2016 highs.

DON'T BUY
DON'T BUY
February 10, 2017

An oil sands producer that had a number of problems over the years with their main project. It seems things are starting to turn around on the operation side, but he doesn’t see a great upside. If he was looking for an oil sands producer, this would not be his 1st choice.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
February 10, 2017

An oil sands producer that had a number of problems over the years with their main project. It seems things are starting to turn around on the operation side, but he doesn’t see a great upside. If he was looking for an oil sands producer, this would not be his 1st choice.

Craig Porter
Price
$6.530
Owned
No
DON'T BUY
DON'T BUY
December 6, 2016

He wouldn’t look at something like this. They have a significant debt burden. Based on where oil prices are, for an oil sands producer on a debt to cash flow basis, the numbers get huge. Doesn’t think that they have any near-term issues of being off-side on covenants or issues with refinancing their debt. This is not something he would be looking at.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
December 6, 2016

He wouldn’t look at something like this. They have a significant debt burden. Based on where oil prices are, for an oil sands producer on a debt to cash flow basis, the numbers get huge. Doesn’t think that they have any near-term issues of being off-side on covenants or issues with refinancing their debt. This is not something he would be looking at.

Mason Granger
Price
$7.860
Owned
No
DON'T BUY
DON'T BUY
October 7, 2016

(Market Call Minute.) Debt is simply too high. You have to be a believer in $70+ to think that this would be a going concern. Interest expense takes up so much of their cash flow, you are hampered by how much money has to go to the bank rather than going into the field.

Show full opinionHide full opinion
MEG Energy Corp (MEG-T)
October 7, 2016

(Market Call Minute.) Debt is simply too high. You have to be a believer in $70+ to think that this would be a going concern. Interest expense takes up so much of their cash flow, you are hampered by how much money has to go to the bank rather than going into the field.

Eric Nuttall
Price
$5.910
Owned
Unknown
Showing 46 to 60 of 84 entries