Post by
aaaaaargh on May 16, 2024 1:35pm
Me three
Yup, just sold. It's a problem for now if it keeps going down when oil is going up.....
Comment by
CJInvestor on May 16, 2024 1:56pm
Very odd how shorts take over a stock just like that. It was doing so well. I am shocked it turned so negative over not much really. My sell point is 29 even. Below 29 we are going to 25.
Comment by
aaaaaargh on May 16, 2024 4:39pm
Still really like the company. Just hoping to get back in at a lower price...... we'll see if it pays off or not in the end... Happy trading!!!!
Comment by
CJInvestor on May 16, 2024 6:06pm
Agree. I have to stop losses at 29 since I am definitely not dealing here with a multi bagger. But for now I wait for the next wave up. I agree there is a lot of potential with Meg.
Comment by
jleer42 on May 17, 2024 10:50am
I expect there will be a dividend when they meet target. If nothing else, a minimal one so funds which require a dividend can invest in MEG.
Comment by
CJInvestor on May 17, 2024 1:25pm
Hope there is SIB before dividend. BTE shows the risk of a small dividend not doing a darn thing when too many shares outstanding.
Comment by
robert41 on May 17, 2024 7:57pm
270 million shares out is not out of line for a company producing 100k boe a day and low debt. Bte and Meg share structures and debt are not worth comparing. Meg is in a different league.