Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

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

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TSX:MEG - Post Discussion

MEG Energy Corp > Anyone know why the selloff?

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Post by riddle5 on Feb 28, 2023 3:43pm

Anyone know why the selloff?

I thought the numbers looked good. Debt 1B end of 2022. As I understand, that is great numbers and debt target of <600mm is around the corner in the next couple of quarters? So understand the sell off today- especially vs peers.

please do your own DD.

GLTA

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Comment by Relaxrelax on Feb 28, 2023 4:00pm

Overreaction.....they missed consensus earnings by .11 and revenue by 100 million. See tradingview.com.

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Comment by vwbusman on Mar 01, 2023 7:47am

Oversold based on slightly negative Q4. Big thing is Q4 was marred by WTI to WCS gap - this has now tightened considerably so things are looking solid for MEG - hoping they hit their next debt target in late Q3 or early Q4

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MEG Energy Corp