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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi 5i: You recently answered my second question on MEG Energy - specifically that it was trading at approximately 13% below the value of the Husky offer. It doesn't seem that this has changed much in recent weeks - and I don't think Husky has raised their bid. I don't want to own Husky, so based on documentation sent by RBC Direct, I have to chose between, (a) selling the shares in the next few days or, (b) a cash option that reads "To receive C$11.00 for each share of MEG Energy Corp tendered, subject to proration." [This option is for "Non-Electing Shareholders (Non U.S.) only. I am Canadian, residing in Canada, and I hold the MEG shares in my RRIF.] Could you advise which option I should select? I don't have the data to calculate the proration amount. Your assistance would be greatly appreciated. Roland T.
Read Answer Asked by Roland on January 09, 2019
Q: Thanks for the response to my MEG question. I have some MEG stock, and am unsure how to proceed given that it is trading at a $13 discount to the offer. Is it likely that the discount will narrow as the Jan 16 date approaches? Suggestions on what to do would be most welcome. Thanks for your always good advice. Roland
Read Answer Asked by Roland on December 20, 2018
Q: I’m looking for some torque in oil and gas in light of 70 dollar wti and the recent tightening in the WCS differential. Everyone seems to be talking about the impact of Iran but quietly in the background Venezuelan heavy oil production has been severely limited by recent legal issues. What do you think of Meg as a high torque name? What did you think of recent results? Thanks
Read Answer Asked by Scott on May 14, 2018
Q: Hi 5i,
yes another energy question and this time on MEG who very recently revised their outlook for the remainder of 2014 & all of 2015. TD research seems very
happy about the new outlook and has a 12 month target of $35. can you look at the revisions and express an opinion for those of us that currently own MEG. thanx NORM
Read Answer Asked by NORM on December 09, 2014
Q: MEG - Meg Energy

I find it a little surprising there hasn't been more conversation on MEG in our forum.

I got in mid Feb @ $32.13 and have consequently seen nice gains since. I have however seen a 7% decline in the past week.

Is there anything we should be aware of that could explain this recent reversal?

Thanks for all you do

Gord
Read Answer Asked by Gord on May 09, 2014