MEG Energy Corp T.MEG

Why Did MEG Open So Strongly Today?

[newcoin]

Up more than other O&G?

[Deckdude]

Because I sold. Like I said it's absolutely unbelievable how bad my timing is. Could not script it worse. 

[cashtango00]

trying to clip stocks is a suckers game for gamblers.  show some disipline and hold.  thats how real money is made

[Volkomm]

HODL! Timing the market is impossible. Buy on a > -5% down day and let it ride. I wouldn't sell this name until at least $35. 

[Fuzman5902]

Maybe the market is acknowledging that they are almost done with the turnaround, has cnooc slowed their selling. The morning action looked like more than just retail investors. Maybe some brokerage houses have finally put their thinking caps on & come to the conclusion that even with the turnaround & increased capex they see a company with 400M in fcf for the quarter. On a trailing fcf

[Volkomm]

Hopefully we see MEG do a big block buy of CNOOC's shares. Don't think they have the cash to do it right now but maybe a good chunk of it. They're hitting that 2027 note hard right now, wouldn't be surprised if they're ahead of expectations for Q2 release. 

[newcoin]

Something's up? I wonder what?