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Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF


Primary Symbol: T.MEG

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It... see more

Bullboard (TSX:MEG)

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Comment by ztransforms173on Oct 15, 2023 10:58am

RE:RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

vwbusman - (10/15/2023 7:50:16 AM)   RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024   Not sure how your math works on that *** - first of all, those are RBC' ...more  
Comment by vwbusmanon Oct 15, 2023 7:50am

RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

Not sure how your math works on that - if you reference numbers from Q2: Financial Performance Adjusted Funds Flow      $278mm ($0.96/share) Capex          ...more  
Post by Cobalton Oct 13, 2023 11:27am

Major win for the sector

"The Supreme Court has found the Trudeau government’s Impact Assessment Act, dubbed the no more pipelines act by Conservatives, is unconstitutional and goes beyond the federal government’s powers ...more  
Comment by ztransforms173on Oct 12, 2023 1:58pm

RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

- RBC Greg Pardy "SEES" ADJUSTED FUNDS FLOW (AFF) of C$ 470 million in Q3/2023 - FREE CASH FLOW (FCF ) of C$ 372 million with a CAPEX of C$ 98 million - ONLY C$ 58 million in SHARE ...more  
Comment by jleer42on Oct 12, 2023 1:08pm

RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

z173 thanks for the response. My point is from Meg's August presentation, sales volumes, and oil pricing I don't see how they could have paid down $300MM of debt in Q3. I do agree when I said  ...more  
Comment by ztransforms173on Oct 12, 2023 12:05pm

RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

jleer42 - (10/12/2023 8:23:41 AM)   RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024   The debt math does not work for me when looking at Meg's Aug presentation. *** - you ...more  
Comment by jleer42on Oct 12, 2023 8:23am

RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

The debt math does not work for me when looking at Meg's Aug presentation. I am wondering if Greg's $1b in debt is in USD while Meg was talking CAD. Meg itself flips back and forth between ...more  
Comment by vwbusmanon Oct 12, 2023 7:11am

RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

If the debt figures are correct in this case (Q3 debt down to 1 billion from 1.32 billion) - that would mean the debt target for 100% of FCF to shareholders (600 million) could be achieved by mid 2024 ...more  
Post by Cobalton Oct 11, 2023 4:42pm

Pioneer buyout at a forward PE of 10

That tells us what the pros think the sector is worth. We at 5? wow
Comment by KozmoTon Oct 10, 2023 1:07pm

RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

LOL... good thing he bumped up that $27 target, almost there already!
Comment by ztransforms173on Oct 10, 2023 10:15am

RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

better now (NAVIGATION): https://stockhouse.com/companies/bullboard/cve/cenovus-energy-inc?postid=35676627 z173
Post by ztransforms173on Oct 10, 2023 10:05am

RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

That led him to upgrade MEG Energy Corp.  to “outperform” from “sector perform” with a $31 target, up from $27 and above the $27.77 average on the Street, according to Refinitiv data.  ...more  
Post by vwbusmanon Oct 09, 2023 9:07am

Debt eliminated in Q3

Looks like MEG reduced debt by about 70 million (Cdn) since August to end of September - not bad but will still be a fairly long road at this pace to hit the debt target of less than 1.2 billion USD ...more  
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