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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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Post by BIGMONNIESon Nov 11, 2022 6:59pm

Dividends2

If MEG announced just one special dividend - the stock would stabilize and soar. I am guessing they just want to pay down debt (a good thing) and but back stock in anticipation of a buyout or going ...more  
Post by BIGMONNIESon Nov 11, 2022 6:41pm

Dividends

Only a dividend will stabilize the SP. MEG is too volatile for most long investors. Too many day traders trying to time it. I admit I have been one of them and have made a lot of money off MEG. I have ...more  
Comment by Renofundon Nov 11, 2022 5:54pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:nice report.

heavy oils will be a little frustrating until WCS differencials shrink.  As soon as it starts to show a meaningful move, it will rip. Until then, have fun complaining aboht algos, bad PR ...more  
Comment by Renofundon Nov 11, 2022 5:33pm

RE:RE:The $21 Wall

no energy equity is smooth sailing ..and less shares could actually mean MORE volatility.  I am a large shareholder of MEG, so beleive in the name, but posting stuff like this is nonsensical  ...more  
Post by MigraineCallon Nov 11, 2022 3:15pm

2022Q3 MEG Conference Call Recording

For those that missed it. MEG's Q3 performance. Outlook on the future of WCS differentials. Will considering starting dividends after 600m debt target is reached. https://www.megenergy.com ...more  
Comment by alwaysmovingon Nov 11, 2022 1:48pm

RE:The $21 Wall

We breached for a day shortly after the OPEC curtailment announcement, peaked at about $21.40 but ya fell sharply the next day.  I'm hoping we close today above $21 and then we're smooth ...more  
Post by MigraineCallon Nov 11, 2022 12:55pm

The $21 Wall

And here we are again for the 5th time in a couple weeks, knocking at a heavy $21 resistance. Most peculiar. Strong buy on a breach of this level.
Post by MigraineCallon Nov 11, 2022 9:27am

MEG: Great Expectations

As I read some of the posts here, I wonder just what some people are expecting for a rate of return. Like 1000% in 2 years is not good enough? Nice, but there is a lot more room to run. Compare MEG ...more  
Comment by 45yesssson Nov 10, 2022 9:53pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:nice report.

Folks--I disagree--Nutall makes MEG his top pick every tme--its getting plenty of hype and noise---I'm thinking its impatience on our part. It's just getting out of debt perison. Its now clear ...more  
Comment by HighOctane89on Nov 10, 2022 4:48pm

RE:RE:RE:RE:RE:RE:RE:RE:nice report.

I gotta agree cashtango , there is something else happening here that makes me question what I am missing . Today's trading was totally divorced from the sector or the market trends and I don' ...more  
Comment by cashtango00on Nov 10, 2022 1:29pm

RE:RE:RE:RE:RE:RE:RE:nice report.

I worked in the industry and although I did not work in that area, I have a basic understanding of how algos work and there is no way they would blindly buy or sell based on a headline number.  ...more  
Comment by churchofnutsaccon Nov 10, 2022 1:18pm

RE:RE:RE:RE:RE:RE:nice report.

Well, the exact same thing happened in Q2. The selling after Q2 was as if it was a production miss, rather than pre announced maintenance issue. Who knows how these robots operate. 
Comment by cashtango00on Nov 10, 2022 1:12pm

RE:RE:RE:RE:RE:nice report.

Algos don't blindly sell on EPS numbers.   Look at Suncor.  Had a massive writedown on Fort Hills of over 3 billion that was a non cash accounting entry pulling them into a 600m ...more  
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