MEG Energy Corp

MEG-T

TSE:MEG

9.28
0.63 (7.28%)
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 ...
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Analysis and Opinions about MEG-T

Signal
Opinion
Expert
Chart
COMMENT
COMMENT
September 26, 2016

They are well respected, but leveraged. Analysts are expecting oil and gas to go up in the future, which he does not agree with. They will have losses for the next couple of years. It looks like there is a base is forming.

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MEG Energy Corp (MEG-T)
September 26, 2016

They are well respected, but leveraged. Analysts are expecting oil and gas to go up in the future, which he does not agree with. They will have losses for the next couple of years. It looks like there is a base is forming.

COMMENT
COMMENT
May 2, 2016

It is off its lows. There is probably a lot of leverage.

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It is off its lows. There is probably a lot of leverage.

DON'T BUY
DON'T BUY
March 17, 2016

Doesn’t like this. An oil sands player. Have about $5.3 billion worth of debt on the balance sheet. Their asset is quite good, but not in this oil price environment. Going through a process of trying to rationalize certain key strategic assets, namely a 50% stake in an access pipeline. Looking at it on a debt to cash flow ratio, it looks like 65X debt to cash flow with where oil prices are right now.

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MEG Energy Corp (MEG-T)
March 17, 2016

Doesn’t like this. An oil sands player. Have about $5.3 billion worth of debt on the balance sheet. Their asset is quite good, but not in this oil price environment. Going through a process of trying to rationalize certain key strategic assets, namely a 50% stake in an access pipeline. Looking at it on a debt to cash flow ratio, it looks like 65X debt to cash flow with where oil prices are right now.

Mason Granger
Price
$6.750
Owned
No
HOLD
HOLD
February 23, 2016

Of all of the most overleveraged companies that have no cash flow today, this would be at the top of the list. Have a negative netback of around $5 a barrel, so literally they burn $5 for every barrel they produce, but there are technical reasons why they would not want to slow down production. They are relying on the midstream sale of a pipeline that should be closing by the end of Q2. There is also an enormous Short position in the stock. This is beyond his comfort level, but if you own, he wouldn’t sell, based on his view of oil.

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MEG Energy Corp (MEG-T)
February 23, 2016

Of all of the most overleveraged companies that have no cash flow today, this would be at the top of the list. Have a negative netback of around $5 a barrel, so literally they burn $5 for every barrel they produce, but there are technical reasons why they would not want to slow down production. They are relying on the midstream sale of a pipeline that should be closing by the end of Q2. There is also an enormous Short position in the stock. This is beyond his comfort level, but if you own, he wouldn’t sell, based on his view of oil.

Eric Nuttall
Price
$4.120
Owned
No
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.

Swanzy Quarshie
Price
$3.970
Owned
Unknown
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.

Eric Nuttall
Price
$10.640
Owned
Unknown
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.

Robert Lauzon
Price
$22.000
Owned
Unknown
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.

Rob Stabile
Price
$32.590
Owned
Yes
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.

James Dutkiewicz
Price
$39.100
Owned
Yes
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.

Rob Stabile
Price
$38.700
Owned
Yes
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.

Rob Stabile
Price
$30.490
Owned
Yes
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.

James Dutkiewicz
Price
$30.830
Owned
Yes
Showing 61 to 75 of 84 entries