Kenny Yang
Value, deep value, contrarian

Mega Growth Potential In MEG Energy

MEG Energy (OTCPK:MEGEF), an unconventional in-situ oil sands producer in Canada, provides the best play for growth potential given its growth trajectory. The recent pullback in the share price during the last two months and underperformance vs. other senior energy names provides an opportune entry point for MEG Energy.

All absolute and relative comparisons regarding share performance and financial numbers are in Canadian dollars because the majority of Canadian energy companies, including MEG, report in Canadian dollars, not US dollars.

Reason It is Overlooked: Unattractive Current Financials and A Large Discount Due to Poor Price Realization in the Past

Because MEG is still a growth company, the current financials aren't attractive. For example, based on trailing numbers, it...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details