CA - Get Ready For MEGnificent Returns
- MEG is one of the best in-situ operators both in terms of iSOR and OPEX minimization.
- Its low royalty rate and hedge-free, operations yield some of the highest field netbacks in the industry.
- At current pricing, MEG is poised to generate US$1.6 billion in free cash flow in 2022, equating to 34% of its current market capitalization.
- Management has shared guidance of an attractive buyback program with the potential to generate meaningful 5-10% value accretion for equity shareholders.
- At current pricing, MEG’s intrinsic valuation appears to have an additional 20% upside.
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Get Ready For MEGnificent Returns