MEG Energy Corp T.MEG

Suncor and Cenovus both

[Deckdude]

trading where they should be. That's at a new year high. Meg is not following suit. Why ? What's the problem ?

[cashtango00]

is the slot machine not working for you today?  

[cashtango00]

MEG has far outperformed SU and CVE this year and is up more then either today.  The stock market doesn't kick out 10% every 2 weeks.  Long term returns on equity is under 10%/ year.  Think about that for a while.  Too many people that have no idea what they are doing throwing money around......

[Deckdude]

I just post the facts. I said they are at the years high and Meg is not. Past performance means nothing if you never purchased until 3 months ago. I think it should be at the years high. That's all. 

[cashtango00]

Not all shares run up at the same time, and oil stocks aren't always perfectly correlated with the price of oil.  MEG got ahead of itself and is consolidating.  These are concepts you don't seem to get because you keep saying the same thing over and over .  The stock has been on a tear the last 18 months, it doesn't care when you bought it.  Stop looking at it 5x a

[Fuzman5902]

This is all about CNOOC until they have liquidated their position this equity is dead in the water..

[Volkomm]

Just my opinion but I think MEG has a little more to go on changing their brand. They were always the most heavily indebted company and huge spenders. They still have a fairly large amount of debt, but that will be gone YE'22.  I was very skeptical of Derek Evans as well, he ran Pengrowth into the ground and they pretty much went bankrupt before they got bought out. Jury might be out a

[Deckdude]

I don't have any more cash to buy any dips. I'm all in and at this price barely have my nose out of the water. I bought on the advice of Eric Nuttall as he thinks it's a great company and should be trading at $44 in a few months of buybacks. I'm hoping he's right. I complain a lot when the stock I buy goes up 1% on a day oil goes up 7 bucks and drops almost 3% on a day oil is

[Volkomm]

10-4 buddy I get ya. E&P companies don't trade like growth/tech did over the past two years. You're going to see a long grind upwards and then a significant dip. But if you zoom out on the graph it's going in the right direction. These are difintively investments, not trades. Gonna have to hold on for a year +. Something I struggled with at the start as well.