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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 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

MEG Energy Corp
Bullboard Posts
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(23)
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Post by invest888123on Dec 20, 2019 11:15am
184 Views
Post# 30476744

nuttall in at $7.07, MEG #1 for M&A with 25% upside

nuttall in at $7.07, MEG #1 for M&A with 25% upside
Eric Nuttall

 

 

Partner & Senior Portfolio Manager, Ninepoint Partners

 

Price

$7.070

 

They are the number one target in Canada for M&A. There are a list of potential acquires where it makes a lot of sense. They have enormous tax pools. It is trading at a 29% free cash flow yield. They are over levered. He sees a 25% upside from here.

https://stockchase.com/company/view/3969/MEG-T
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities