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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > Post Q1 price
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Post by samajckjor on Mar 24, 2022 11:32am

Post Q1 price

any guesstamations on the stock price after the first quarter results are reported.. 23.10$
Comment by alwaysmoving on Mar 24, 2022 12:10pm
I think this is based on how oil prices fair in the short term, if oil holds above $95 and the market can see the huge cash pile MEG can build based on those prices a shareprice of $25+ is very justifiable.  Shareprice is being hit a bit harder at the moment compared to peers, not sure the reason for it... I think the company will start the buy backs in April which should be about 500k shares ...more  
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