Got in at 6.55CAD not sure if it’s good entry... but I am feeling >>
Bullish
W
Analyst Actions: MEG Energy Upgraded to Buy at TD Securities 24 Mar 2021 07:58 ET 07:58 AM EDT, 03/24/2021 (MT Newswires) -- MEG Energy Corp. (MEG.TO), which fell more than 8% in Toronto Stock Exchange trading on Tuesday, was upgraded to Buy from Hold at TD Securities on Wednesday.
Analyst Menno Hulshof raised his price target on shares of the Calgary-based oil sands producer to $9.50 from $7.00.
Hulshof said MEG is in a good position to take advantage of very strong Gulf Coast heavy oil fundamentals.
"We expect MEG's access to this key market to increase with the completion of the Enbridge Line 3 Replacement by year-end 2021," the analyst said in a note to clients.
"In our view, MEG's balance sheet was the #1 headwind under the previous leadership following years of massive cash-flow outspends," Hulshof said. "In our view, the new strategy represents a 180 degree shift with a demonstrated focus on living within cash flow and organic deleveraging."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 6.20, Change: -0.55, Percent Change: -8.15
k
Honest opinion from anyone in here, does this stock have the ability to see the $40 mark again as it did after 2008? My Portfolio is 100% and I just want to know If I should be looking elsewhere for more growth.
k
I absolutely love this stock
B
meg will be $9
b
Shares short are down from February . Just 2.5 Milly as of March 31.
P
Meg will move above $7 soon
J
where is this stock heading to in the next couple of days? waiting to see green on my investment
Z
Lets go Meg, back to 10+ !!
Bullish
J
stay strong guys ! and buy more
D
You guys getting excited for tomorrow? Meg and BTE gonna move!
B
I’ve been buying the dips all the way from $1.50. I’ll see this again when it test the low $7 Cheers
L
This is messed up
B
RBC upgrade to 8
D
We all will become millionaires in this sector. Top oil holdings Baytex Energy, Meg and Bonterra! Glta!
C
The train is about to leave the station buckle up and enjoy the money train....
M
I have held MEG off and on for years. Made money on this stock over the years getting in and out. Husky Oil was buying it $11.00 a share a few years ago and the deal was turned down. I sold at $11.00 and jumped back in at $10.00 and rode it down to the one dollar plus. That said I have a strong suspicion that it will be soon be bought out again. My guess is a $10.00 plus per share. My opinion only. Remember opinions are a dime a dozen and many times worthless. However on the odd occasion I have been correct!
Y
I bought so much Meg @5.40 Fantastico I love MEG again Bert
24 Mar 2021 07:58 ET
07:58 AM EDT, 03/24/2021 (MT Newswires) -- MEG Energy Corp. (MEG.TO), which fell more than 8% in Toronto Stock Exchange trading on Tuesday, was upgraded to Buy from Hold at TD Securities on Wednesday.
Analyst Menno Hulshof raised his price target on shares of the Calgary-based oil sands producer to $9.50 from $7.00.
Hulshof said MEG is in a good position to take advantage of very strong Gulf Coast heavy oil fundamentals.
"We expect MEG's access to this key market to increase with the completion of the Enbridge Line 3 Replacement by year-end 2021," the analyst said in a note to clients.
"In our view, MEG's balance sheet was the #1 headwind under the previous leadership following years of massive cash-flow outspends," Hulshof said. "In our view, the new strategy represents a 180 degree shift with a demonstrated focus on living within cash flow and organic deleveraging."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 6.20, Change: -0.55, Percent Change: -8.15
I’ll see this again when it test the low $7
Cheers