I've been doing some research .........I did some research on MEG this weekend and as a result of what I found (and today's trading) I started a position in MEG .
Correct me if I'm wrong but the Q3 report stated that "the company had NOT entered any WTI or WTI/WCS risk management contracts for 2022" . Can anyone confirm this ?
Also of note was that the first debt target has been reached and an NCIB is now in place to retire 27 million shares (I hope they were buying today) . With 100,000 barrels of unhedged production , Q1 should be far more profitable than even Q4/year end and with WTI holding $94/$95 per brl Q2 is poised to be even better . This story seems to be coming together better than mom's buttertart recipe and with the market squeezing any recent shareholders today , I started buying . The market seems to think that anyone with any money is already in the stocks of their choice , haven't these eco idiots heard of "dry powder" ? With a long weekend staring us in the face , I expect to get a few more cheap shares but come next week , the sale will be over . Q1 is mear weeks away and those numbers will even make Eric N smile .