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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (130859)	9/16/2022 3:53:41 PM
From: Goose94	Read Replies (1) of 202922

MEG Energy (MEG-T) revisited 4.0 Eric Nuttall on BNN.ca Market Call Friday September 16th @ 1200ET MEG energy, a pure play oil sands producer, has 35 years of stay-flat reserves and trades at a 30 per cent free cash flow yield, thus able to privatize in just over three years. Investors then are getting 32 years of free cash flow for free, equivalent to $40 billion of undiscounted free cash flow. With the company set to hit its ultimate debt target by third-quarter 2023, leading to 100 per cent of free cash flow being returned to investors, we have the company able to buy back 42 per cent of its stock by the end of 2024. At this time the company would then be able to pay a 45 per cent dividend per year for the next 30+ years. We peg fair value at $41/share = 120 per cent + potential upside.

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