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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (119297)	3/4/2022 4:02:13 PM
From: Goose94	Read Replies (1) of 202709

MEG Energy (MEG-T) revisited 2.0 Eric Nuttall on BNN.ca Market Call Friday March 4th @ 1200ET For an oil bull, it doesn’t get any better than MEG. With 30+ years of inventory, MEG, at US$100 WTI, could privatize itself with just 2.5 years of free cash flow. You are literally getting decades worth of free cash flow (ie. dividends) for free. With line of sight of initial deleveraging goals, MEG is set to start buying 10 per cent of its stock in Q2 with the potential to double this amount by the end of this year. What’s fair value? We put a 6x multiple on their 2023 cash flow at US$100 WTI to arrive at $43.80 target price = 155 per cent potential update

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