A director at MEG Energy Corp bought 8,500 shares at 23.058CAD and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
n this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
MEG Energy Announces Initiation of Share Buyback Program NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted CALGARY, Alberta, May 31, 2022 (GLOBE NEWSWIRE) -- MEG Energy Corp. (TSX:MEG, “MEG” or the “Corporation”) is pleased to announce that as a part of a 15 million share block trade on the TSX at a price of $21.85 per share, the Corporation has repurchased 3.4 million shares for cancellation using the block purchase...
MEG ENERGY (CA), a company active in the Exploration & Production industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date January 18, 2022, the closing price was CAD 14.39 and its expected value was estimated...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US...
No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were parti...
No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were parti...
No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were parti...
Since MEG's beginnings, the company has been focused on oil sands development, owning a 100% working interest in over 900 square miles of oil sands leases in the Athabasca oil regions of northern Alberta, Canada. The company estimates that it holds 2.9 billion barrels of proved plus probable bitumen reserves. MEG is engaged in situ oil sands development and production from its Christina Lake Project, which can produce around 100,000 barrels per day. The company’s implementation of its eMSAGP t...
After taking a fresh look at no-moat MEG Energy’s fourth-quarter results we are lowering our fair value estimate to CAD 6.50 from CAD 7 driven by our lower forecasts for the company’s near-term price realizations. The stock is trading at a 20% discount to our fair value estimate, but it remains in 3-star territory due to its extreme uncertainty. At this time, we recommend that investors remain on the sidelines. As a reminder, MEG reported fourth-quarter bitumen realizations of CAD 13.90 per ...
After taking a fresh look at no-moat MEG Energy’s fourth-quarter results we are lowering our fair value estimate to CAD 6.50 from CAD 7 driven by our lower forecasts for the company’s near-term price realizations. The stock is trading at a 20% discount to our fair value estimate, but it remains in 3-star territory due to its extreme uncertainty. At this time, we recommend that investors remain on the sidelines. As a reminder, MEG reported fourth-quarter bitumen realizations of CAD 13.90 per...
After taking a fresh look at no-moat MEG Energy’s fourth-quarter results we are lowering our fair value estimate to CAD 6.50 from CAD 7 driven by our lower forecasts for the company’s near-term price realizations. The stock is trading at a 20% discount to our fair value estimate, but it remains in 3-star territory due to its extreme uncertainty. At this time, we recommend that investors remain on the sidelines. As a reminder, MEG reported fourth-quarter bitumen realizations of CAD 13.90 per...
After taking a fresh look at no-moat MEG Energy’s fourth-quarter results we are lowering our fair value estimate to CAD 6.50 from CAD 7 driven by our lower forecasts for the company’s near-term price realizations. The stock is trading at a 20% discount to our fair value estimate, but it remains in 3-star territory due to its extreme uncertainty. At this time, we recommend that investors remain on the sidelines. As a reminder, MEG reported fourth-quarter bitumen realizations of CAD 13.90 per ...
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