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...
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