Post by
Deckdude on May 16, 2022 4:56pm
What does it take
to trade a a year high ? Oil is $114. Meg is rolling in cash and we are floundering around almost 3 bucks under a few weeks ago. What does it take ?
Comment by
newcoin on May 17, 2022 1:28am
MEG pays no dividend at the moment. Patience is the key here. The divi payors get all the attention. When MEG starts to pay a divi (if it doesn't get taken out) then you will see the huge s/p gains. Worth waiting for.
Comment by
Fuzman5902 on May 17, 2022 7:50am
While this isn't accurate for this quater assuming full production Meg now trading @ 3.3 x fcf with a Royalty Rate of almost 40%. Thank You CNOOC Regards Fuz