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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (84892)11/20/2020 1:55:18 PM
From: Goose94Read Replies (2) | Respond to of 202704
 
MEG Energy (MEG-T) revisited 5.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Nov 20th @ 1200ET

If you’re bullish on oil, the first oil stock to buy is MEG. Trading at the highest free cash flow yield of any oil stock in Canada, it offers unrivaled torque to an improving oil price in 2021. Further, with the oil strip at $43 WTI MEG is in a position to be able to keep production flat while satisfying all financial obligations given their higher than average debt levels offering optionality to better days ahead. We are bullish on both oil and on WCS differentials; MEG will be the oil beta stock to own when interest returns to the energy sector.