Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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

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MEG Energy Corp > MEG vs OIL

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Post by filefish on Sep 03, 2021 9:51am

MEG vs OIL

Anyone notice that Meg stock appears to have 2-3 times the downside leverage to oil price when oil drops vs when upside leverage when the oil price goes up?
This occurs despite falling debt levels

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Comment by Eigen337 on Sep 03, 2021 10:10am

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Comment by filefish on Sep 08, 2021 1:00pm

Oil up again and MEG down. Is something else going on besides COVID that is weighing heavily on MEG as well as others.? Maybe Canadian election fears?

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Comment by Fuzman5902 on Sep 08, 2021 2:06pm

How about nobody gives a rat's A$$ about Canadian Oil Companies. Having said that it's trading close to mid range where I think it should be. They are still 32 % hedged for the remainder of the year & 45% for the for the full year. As of the end of July they are sitting on 182 Million of lost opportunities, with another 40 or so Million for the rest of Q3, what Q4 brings is ...more

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MEG Energy Corp