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Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

TSX:MEG - Post Discussion

MEG Energy Corp > Nuttall's models look great
View:
Post by cashtango00 on Nov 21, 2022 7:42am

Nuttall's models look great

He called for 150 oil in 2022, then 125, then 100, now its 100 in 2023.  His WCS spread model was 10 bucks that he seems to have recently moved to 15......as it sits at 30.  

Then he called MEG for 40 last year, so we are half that at year-end.  He's still calling for 40 next year now.  Please explain to me why anyone listens to this clown.  the majority of analysts are calling on MEG mid '20s for 2023 with WCS spread at 18-20 and WTI 80-90.  Seems a lot more realistic....
Comment by dandu1924 on Nov 21, 2022 9:53am
Nutall  is  very similar like Harry Dent, both clowns.
Comment by RusticHit on Nov 21, 2022 10:47am
Nutt was thinking He is Oil God but truth is Some where else he  got lucky with His call on Oil with Russia attack  Like Cathie wood got lucky with Tech stocks 
Comment by Cobalt on Nov 21, 2022 11:44am
Months ago , first sell off in oil over China covid Erik reported 1 Chinese city CNBC reported 30 i knew then cheers
Comment by yureja22 on Nov 22, 2022 1:51am
This post has been removed in accordance with Community Policy
Comment by cashtango00 on Nov 21, 2022 9:55am
now cue the tweets from Eric " This price weakness is amazing for all the share buybacks" He doesn't want to talk about the fact the price deck 12 months out is 25% below his model and WCS spread is 2x worse then his revised model.  DO YOU THINK THAT MIGHT EFFECT THE CASHFLOWS AVAILABLE TO MAKE THE BUYBACKS?     lol   
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