MEG Energy Corp T.MEG

Buzz on the Bullboards: Three engaging TSX stocks with a holiday flavour

[retiredcf]

MEG was on the list. GLTA The S&P/TSX Composite dropped 2.6 per cent for the trading week ending with Friday’s close and it’s now 20.9 per cent higher for 2024. The index’s Relative Strength

[retiredcf]

MEG was the second stock mentioned. GLTA Top energy stock ideas for 2025 Portfolio manager Eric Nuttal explains what energy stocks could see a strong performance in 2025. December 20, 2024

[mrbb]

add to that on the input cost side WCS at the moment 56.88/bbl USD AECO natural gas 1.29 USD/GJ equivalent oil to gas ratio 44.1 to 1 which is extremely favorable to thermal oil producers. 

[ztransforms173]

from SEDI: Insider name: ROONEY, ROBERT ROSS   Insider's Relationship to Issuer: 4 - Director of Issuer  

[Jonathon Brown]

The TSX has experienced a rocky week, marked by five consecutive sessions of declines, but several stocks offer compelling opportunities. read article.

[mrbb]

yes, that's a good point which i overlooked.

[mrbb]

yes, very true, i was being conservative to illustrate how oversold meg is presently WCS Dec 2024 54.85-58.62, closed today 57.24 USD/bbl  If i just use the average todate of 56.74*1.44

[ztransforms173]

- for MEG Energy, WCS prices are a BETTER REFERENCE MARKER than WTI z173

[alwaysmoving]

In addition share float is 8% less than last year and we now have a dividend. Oversold 

[mrbb]

today  ~70 WTI x 1.44 = 100.80 CAD/bbl Dec 2023  ~76 WTI x 1.32 = 100.32 CAD/bbl today MEG < $23 Dec 2023 MEG $23.4-24.6

[robert41]

4 years? How about 4 months.. still sucks.. I hope the buybacks are huge.

[mintgecko]

We've been stuck in this range going on 4 years now. Shorts piling on is nothing new, and neither is the tax loss selling excuse. Despite the obvious stagflation the recession narritive is all the

[Moemoney42]

My thoughts are tax loss selling and pilling on by shorts have created an over reaction to the downside.. add in the potential that good profits have been made in the tech sector and you have a

[Knuckle]

The price of oil appears to be steady around $70. There are daily buybacks. Looks like insiders are buying. What is the rational thought for the price to generally be falling?    

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from SEDI: Insider name: McAllister, Michael   Insider's Relationship to Issuer: 4 - Director of Issuer  

[retiredcf]

BMO oil and gas analyst Randy Ollenberger has lowered cash flow and profit estimates for his coverage, “In conjunction with our 2025 Outlook report, we are revising our estimates for the North