Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

MEG Energy Corp (MEG)

Toronto
Symbol
Exchange
Currency
MEGTorontoCAD
MEGEFOTC MarketsUSD
MEGCBOE CanadaCAD
Currency in CAD
Disclaimer
31.27
-0.51(-1.60%)
Closed

MEG Comments

coranvirus is back matbe down again  .
we are going back to 31
good for MEG now
31??? you mean 3.10???
baker hughes report one o'clock
 thanks
 it means we should wait for tomorrow report ?
 its up to you u can sell wed or go long  storage is going down and china is going back to demand
not moving today
predictions?
 possible today ?
 not today lol
4 dollars by aug if economy re opens , possibly 5 to 6 by next year summer
📈
moving.... hope should cross $4 today
oil stocks oil stocks
 Thanks very much  any advice for BTE I have 10000 shares @$.46 CAD Thanks a lot
 all of them will take a hit before going back to old price oil stocks are buy n hold later on buy airlines
 Thanks
you think it will drop down below 2.50 again
2s are numbered. Will trade in 3s soon
next weeks numbers are bullish as well as long as it drops from 8m  18 21 31
no divs ?
keep buying
yes yes am buying.
Why?
Why does Cenovus do better then MEG? Any one have an idea...
they make more money but all oil stocks are doing well
why oil is down today
 storage BS
Will this run continue Monday?
is this worth the buy?
 yes
Meg is done. Bankrupt and delisted within a year.
where are your numbers?
i thought it back to where its start. bear comes
breakevens points are to high
Texas Oil Regulators Could Mandate 20% Output Cuts By Michael Kern - Apr 13, 2020, 7:30 PM CDT With crude prices plummeting to 20 year lows and a local industry in shambles, Texas oil regulators are contemplating the unthinkable: cutting statewide oil production for the first time since the 1970s.  The Railroad Commission of Texas will hold a meeting on Tuesday that could potentially result in mandated caps on the state's oil output after watching WTI prices collapse by more than 60 percent so far this year.  It also comes as domestic oil storage quickly approaches its absolute limit. Ryan Sitton, one of three commissioners at the regulatory body, noted that significant cuts could “stave off a total oil industry meltdown.”
GOING TO 30 OIL
whats going on. is anyone have any idea
 india is  building more storage to buy before prices pop
what does it mean when you say "May contracts will go into the 30s"?
It's called a volitile market!
why the energy stock on sale today
Donald J. Trump ✔ @realDonaldTrump Having been involved in the negotiations, to put it mildly, the number that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10 Million that is generally being reported. If anything near this happens, and the World gets back to business from the Covid 19.....
KEEP BUYING
buy cve m and meg at open she sill go back to 3 plus meg and 4 plus cve
What do you think will be the high of meg tom?
meg will be 3.45 tomm.
You meant 2.45, right?
2020 Commodity HedgesFor the first half of 2020, MEG has entered into benchmark WTI fixed price swaps for approximately 70% of forecast first half 2020 production volumes at an average price of US$59.15 per barrel. On a full year basis, MEG has hedged approximately 55% of forecast 2020 production via benchmark WTI fixed price swaps and WTI fixed price swaps with sold put options. Additionally, the Corporation has hedged approximately 30% of its WTI:WCS differential exposure at an average price of (US$19.39) per barrel and approximately 50% of condensate exposure at an average price of 101% of WTI. The table below reflects MEG's current 2020 financial and physical hedge positions.
in short what you want to say. in simple words bro
they have locked in (hedged) the sale of 70% of their first half of 2020 Volume at $59.19 per barrel! while other producers are struggling because of the low oil price MEG will be selling it for 255% more then the current price. Mexico didn't care to sign the Opec+ deal because they hedged (state secret) at $49 per barrel. MEG will be one of the only ones making $$$
buy the dip guys as we head back up buying more when the market opens
how about CVE?!
 yrd ythst too
Good buy. No matter what you will not lose. It may take time but nowhere to go but up!!
joe why meg is back to 2.86. even opec+ they confirm that they will cut the production.. do you have any clue
 traders are not confident its not enough
my opinion its just bs  June contracts for oil are at 30 so keep more money aside to buy the dips at some point shorts will cover to 35
i could of shorted twice and make money and I didnt LOL
Is it mean something!? The Saudi sovereign wealth fund has bought stakes worth a combined $1 billion in four European oil majors: Shell, Total, Eni, and Equinor, the Wall Street Journal reported citing unnamed people in the know. The Saudi fund, the sources said, was taking advantage of the oil price collapse that drove down oil companies’ stocks, making them a bargain for those with the money to buy. The fund may well continue to build stakes in large industry players, too. The Saudi Public Investment Fund manages more than $300 billion in assets, and…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.