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.

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MEG Energy Corp > Really? $96M in FCF.

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Comment by Cheadle12on Jul 27, 2021 10:17pm

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RE:Really? $96M in FCF.

Guess Mr. Market agreed with the analysis of the Great Cheadle.

MEG sell off after earnings.

Not enough FCF, poor hedges & debt is monstrous. No dividend possiblity for years.

MEGA flop.

Cheadle12 wrote: Expected much more.

Seems like Nutal needs to update his charts, at best this is a 15% FCF yield story and that's on Market Cap. Add in the debt and it's much much lower.

MEG is always a 'next quarter, next year' story it seems.. probably should get taken out by Suncor or another major.

Dissappointing quarter given all the hype.