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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (137181)11/25/2022 4:10:17 PM
From: Goose94Read Replies (2) of 202721
 
MEG Energy (MEG-T) revisited 6.0 Eric Nuttall on BNN.ca Market Call Friday November 25th @ 1200ET

MEG energy continues to aggressively pay down debt while returning 50 per cent of free cash flow back to investors. With production running ahead of consensus and WCS differentials expected to meaningfully improve in 2023 we see the company hitting its final debt target in the third to fourth-quarter of 2023, at which point they could pay a 27 per cent dividend for the next 33 years. We think fair value is a 12 per cent free cash flow yield = $40 target price = 110 per cent potential upside.
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