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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (133253)10/24/2022 2:31:54 PM
From: Goose94Read Replies (1) of 202904
 
MEG Energy (MEG-T) revisited 5.0 top pick from Eric Nuttall on BNN.ca Market Call Monday October 24th @ 1200ET

The MEG investment thesis is simple: 35 years of stay flat inventory trading at <3X EV/CF at US$100WTI and the ability to privatize themselves with just three years of free cash flow. The company should soon reach its next debt target to allow 50 per cent of FCF to go towards shareholder returns and we expect by this time next year the company to be using 100 per cent of free cash flow for share buybacks. We think fair value is 6X EV/CF = $41/share = 127 per cent potential upside.
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