Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Bullboard Posts
Post by mr1derfulon Apr 01, 2019 3:12pm
217 Views
Post# 29565487

A warning

A warning So Bellatrix is getting pummeled today as the company is recapitalizating due to far too much debt and will be diluting shareholders in the process. Last week Joseph Schacter was saying how ridiculously cheap the stock was trading at one half times its 2019 cash flow. Of course he conveniently didn't take into account the amount of debt. Young Eric Nuttall was also throwing out stats like how Meg should buy back it's stock and was trading at a 35%free cash flow yield. If course he also was ignoring the debt on Meg's balance sheets. The lesson in all this is if you are going to be a commodity driven company it's best to not be leveraged. Also these so called oil and gas experts on BNN sound very convincing but the more you listen to them the more they sound like salesmen. Just my two cents.
Bullboard Posts