MEGEF News and Press, Meg Energy Corp From 03/02/22

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks,  subscribe to his mailing list here . Source: Brian A...

Almost three years after the Federal government of Canada announced its intention to acquire the Trans Mountain pipeline,  Ottawa is pulling the plug on funding. An expansion project slated to bring an additional ~600kb/d of Canadian oil to market was long delayed by protest and appeal w...

High oil prices are leading to record free cash flow generation. The company is quickly paying down debt. The end of production hedging will boost free cash flow even more. For further details see: MEG Energy: Small Producer With Big Potential

Suncor (NYSE:SU) reported Q4 results after the close, posting the Company's best "funds from operation" per share result ever. With shares trading ~25% below all time highs, this result should be enough to keep prices moving higher:  Adjusted operating earnings of 89c compared favor...

J.P. Morgan issues two ratings changes in its coverage of North American oil majors, upgrading Occidental Petroleum (OXY -1.3%) to Neutral from Underweight with a $39 price target while cutting Canadian Natural Resources (CNQ -1.7%) to Neutral from Overweight with a $66 target. Occidenta...

MEG Energy (OTCPK:MEGEF) guides for FY 2022 production of 94K-97K bbl/day, up from 92.5K-93.5K bbl/day expected this year, with capital spending next year forecast at C$375M, up from C$335M seen this year. Guidance includes the impact of a scheduled 30-day turnaround during Q2 at the Christin...

MEG Energy Corp. (MEGEF) Q3 2021 Earnings Conference Call November 09, 2021, 08:30 AM ET Company Participants Derek Evans - President and Chief Executive Officer, and Director Eric Toews - Chief Financial Officer Darlene Gates - Chief Operating Officer Lyle Yuzdepski - General Counsel and Cor...

At today's oil price, energy stocks will generate a lot of free cash flow, and we think they will become the ultimate dividend payers. We are seeing energy companies generate mid to low 30% free cash flow yields at $70/bbl WTI. Companies are likely to pursue a quasi strategy of bu...

Baytex is the best leveraged oil producer to play the oil bull cycle. Baytex's recent execution on Clearwater is set to add material value for shareholders. We conservatively estimate it could add C$360 million or ~27% of its current market cap. Baytex is expected to remain discip...