MEG Energy Corp T.MEG

Meg down big compared with all the other energy stocks...

[bassfishing88]

Any reason for this? Can't find any for this discrepency.TIA

[Fuzman5902]

Nope none @ all, other than because they can. Think of it this way with wcs trading @ $ 60 they are making somewhrere in the neighbourhood of 850K a day.( I didn't do the math but it's close.) With a very slight increasse in wcs & narrowing differentials  into 2022 multiply that number in excess of 3, that's why I'm here. Regards Fuz 

[filefish]

There is presently zero interest in oil sand stocks by the generalist investor. Weakness in the stock occurs from scared traders who can quickly push the stock down when oil price falls. The best way to reduce this volatility is to keep buying up their Sr notes with FCF. Its going to take about 6-9 months, but once these are gone, they will be able to initiate an NCIB and dividend and the

[Fuzman5902]

By my calculations I see meg in a financial position (As long as oil stay's where it is) to have covered the additional 125 Million in capex + the 2025 notes no later than Q3 next year. Q2 will be the most difficult Quater as they have turn around scheduled for May. Do they initiate a small Dividend in Q3? or do they wait for Q4. What are the plan's  to start chipping away @ the