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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 jleer42on Dec 13, 2022 12:28pm

RE:RE:RE:RE:Keystone

Not sure who you are directing this at, but my point is MEG is not as negatively impacted by the shutdown as other Canadian producers. MEG uses the Enbridge mainline not TMX. From MEG's ...more  
Comment by alwaysmovingon Dec 13, 2022 12:23pm

RE:RE:RE:RE:Keystone

It's certainly a negative for any Canadian producers that don't have their own refining capability. I'm just saying that I believe MEG is better positioned than most.    
Comment by cashtango00on Dec 13, 2022 10:53am

RE:RE:RE:Keystone

With all due respect, the Keystone issue is definitely a negative for MEG, not for transportation issues as others are, but because of the increased WCS spread.  The minimal effect it may have on ...more  
Comment by jleer42on Dec 13, 2022 9:20am

RE:RE:Keystone

The WCS spread is up because of transportation constraints. The outage is actually putting upward pressure on WTI, a good part of MEG's production is positively impacted by the Keystone outage ...more  
Comment by cashtango00on Dec 13, 2022 8:48am

RE:Keystone

it's my understanding that yes they use the  Enbridge line but they are affected by the outage because its putting pressure on the WCS spread
Post by alwaysmovingon Dec 12, 2022 5:32pm

Keystone

MEG doesn't have allocation on Keystone and uses Enbridge's mainline to send barrels to refiners.  Is MEG still able to maintain its volume with this shutdown?  Or will the shutdown ...more  
Comment by RusticHiton Dec 09, 2022 3:29pm

RE:RE:RE:RE:Over

Nutty saying he was wrong on 100 bucks Oil after trapping so many
Comment by cashtango00on Dec 09, 2022 2:19pm

RE:RE:RE:RE:RE:Over

ive been covering my short calls on my covered position today.  i see a ton of support at 15/15.50 so will keep covering as we drop.  if we bottom here, thats ok too but with WTI close to ...more  
Comment by cashtango00on Dec 09, 2022 2:15pm

RE:RE:RE:RE:RE:Over

agree, someone with size is dumping.  you will know when the next top 3 doesn't include MEG, which isn't a bad thing.  he's definitely less buy buy buy on Twitter because he ...more  
Comment by churchofnutsaccon Dec 09, 2022 2:10pm

RE:RE:RE:RE:Over

Nuttall's tone on twitter has definitely switched. Seems to be resigned to the fact that we're going down in the near term. Since Nuttall is a trader, I fully expect that he's dumping ...more  
Comment by RusticHiton Dec 09, 2022 1:44pm

RE:RE:RE:Over

This is Under big selling pressure all the time like No . 1 stock for the shorts why ??? Nutt came and pump and after one day rally she drops to  lows again 
Comment by churchofnutsaccon Dec 09, 2022 1:35pm

RE:RE:RE:RE:Over

Let's look at 2020, which was a terrible year. Meg's production was 82,000 boe/d, had netbacks of $19 and generated $130 million of free cash flow. I don't think anybody is forecasting ...more  
Comment by alwaysmovingon Dec 09, 2022 1:26pm

RE:RE:RE:RE:Over

EPS should be about 1.8 on a full year at $70 oil, and even at $70 oil MEG still produces slightly over 10% FCF.  No matter how you slice it, a $20 valuation is fair even at $70 oil.  Shares ...more  
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