1. MEG Energy's Q2 update shows successful production but weak cash flow due to inventory buildup and initial TMX filling; 2. The company is ready to pay 100% of FCF to shareholders and has initiated a small quarterly dividend; 3. With current commodity strip prices, the company is valued at 15% returns, prompting an upgrade from Hold to Buy.
Related Articles
- Everyone Is Paying Me Dividends: Lock In These +8.6% Yields Now14 days ago
- Nvidia Earnings Hysteria: Best Chip Stocks To Buy Now2 months ago
- 7.5%+ Yield And 12.5% Growth - Buy MPLX's Post Q2 Dip3 months ago
- UnitedHealth Is Drifting--But The Smart Money Is Buying3 months ago
- Novo Nordisk: Enough Is Enough3 months ago
- Palantir Q2 Earnings: I'm Dumbfounded, But 110x FCF Is Still Cheap3 months ago
- Microsoft: Don't Get Too Excited About Future Returns3 months ago
- Your Bank Pays Me 7%: BTO3 months ago
- Alphabet Is Diving Feet First Into AI Coding4 months ago
- Verizon Communications Remains A Compelling Value Play4 months ago