Recommendations on adding MEGHey board, don’t usually post, but I’m really interested in loading more MEG + asking for advice.
Please correct my mistakes, because I’m sort of a newbie investor (mostly BTE, with some SGY/ATH/MEG for now)
SO, MEG has:
0 hedging for 2022
WTI is over $92USD
A few billion tax pools (pay almost no tax in 2022)
65 years of oil on their land
Minimal capex to keep production stable
Maybe 1.5 billion of free cash flow this year? (optimistic estimate)
Approval for a new project (Surmont?)
Buyout candidate
I think it can double in the next year or 2? Can anyone give me their ideas, it sounds really good, I’m wondering should sell my ATH and move extra money into this one. It sounds better than ATH (bad hedges and lots of share dilution to survive last yr), but they both probably will do well! (my oil portfolio 70% BTE, 10% SGY, 10% ATH, 10% MEG)
Thank you if anyone can let me know their opinion!