MEG Energy Corp (MEG.TO) Buy, Sell or Hold

MEG Energy Corp (MEG.TO)

30.89

+0.22 (0.72%)

as of Nov 14, 2025, 9:00:00 pm Market Open.

258 watching

WEAK BUY

Focused on making its environmental footprint as positive as it can be, and the team has done a good job. Paying down debt, and once it does that you'll see moderate growth and shareholder returns.

HOLD

Hold on to it but then exit early to mid May. One of his favourites in the energy sector is CNQ and other larger names. We are at the tail end of the smaller names.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company beat estimates with revenues 15% better than estimates. Revenues nearly doubled. They are planning for a 10% buyback. They do have extreme leverage to higher oil prices. Unlock Premium - Try 5i Free

TOP PICK

Best opportunity for oil investors. Currently trading at ~2.8x cash flow and 39% free cash flow yield. Expecting net cash on balance sheet next year (no debt). Starting a 10% share buyback. 30 years of inventory. ~3 years of cash flow can retire all of debt. Investors getting 27 years of dividend for free. Expecting a $44 share price (strip prices).

HOLD

Spinning out money and operating costs are lower. Possible take-over prospect.

TOP PICK

Not much value being placed on long term assets. 40% free cash flow yield at $80/barrel oil price. Company could privatize in 2.5 years with free cash flow. Paying down debt and cleaning up balance sheet. $50 share price valuation at $100 barrel oil price.

PAST TOP PICK

(A Top Pick Nov 20/21, Up 217%) You get leverage to a rising oil price since it is unhedged. Has differential exposure to WCS differentials. At $80 oil, they will reach their next hurdle for cashflow. Upwards of 20% of shares being retired every year. Could privatize themselves in a couple years with cashflow. Target of a 6x multiple.

BUY

Owns it for the longevity of the assets and miss pricing. Leverage has always been a problem. Trading at 44% free cashflow yield at $70 oil. Fair multiple is 6x, which would bring free cashflow to 15%. Would get a $20 target with this. The stock could continue to work. On the cusp of return of capital.

BUY

How could you not like MEG? Massively de-leveraging. Will be going to the balance sheet. Next year, should return a lot of capital. 24% free cashflow at $70 oil. Could buy back all stock in a year. Inevitably will get scooped up. Expects for this to do very well. A 6x multiple would be realistic with free cashflow and asset quality. Quite bullish on the name. 8% weighting in his fund right now.

BUY

$70 oil prices seemed not possible last year. MEG was one of the names most leveraged to rising oil prices. The longer you hold at these levels, you will gain because the stock is catching up to the commodity price. Could continue to move higher even after this large move.

PAST TOP PICK

(A Top Pick May 15/20, Up 137%) A core holding for him. Must own if you are bullish on oil. Using all free cashflow to de-lever. 2.6x debt to cashflow next year at $60 oil. Spending some money to scale production to reach critical mass. Trading at under 5x cashflow with 33% free cashflow yield. Once debt is paid down, they can start increasing dividend and buybacks. At $60 oil, target is $10.80, $70 oil would be $18.64.

PAST TOP PICK

(A Top Pick Apr 03/20, Up 197%) Remains a top holding. A pure play on heavy oil producer. Incredibly mispriced. It would be trading at 4.2x cashflow at $60 oil. High quality name. By next year, expects them to buy back their stock in a meaningful way. Expects to trade at $13.50 per share. Has been paying down debt aggressively. A 9% weighting for him.

BUY

A heavy oil pick pipelines down the coast with 66% of volumes. At $60 oil. Generates $900 million in fresh cash flow before hedges. They can delever quickly--and heavy debt has long been a knock against MEG. It trades at 4x 135% upside. He wants only oil stocks offering at least 100% upside. It's a free cash flow machine.

DON'T BUY

WCP-T vs. MEG-T. WCP-T is more towards the high quality side. It has performed excellently and rolled up some smaller companies. They will continue to consolidate the space and the dividend is safe. MEG-T is more leveraged to the upside. WCP-T is more of a safe haven. He prefers WCP-T.

BUY

A core holding if you are bullish on oil. They have been increasing takeaway capacity and global demand remains strong. They are a cashflow machine and they are able to de-lever quickly.

Showing 31 to 45 of 123 entries

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

MEG Energy Corp (MEG.TO)