Portfolio Update: MEG Energy And It’s New CEO

I am simply astonished by the choice of the Board of Directors of MEG Energy. Derek Evans served as CEO of Pengrowth Energy from May 2009 until March 2018. I extracted a weekly view of the stock price of Pengrowth from the time he became CEO of the company. Source: TMX Money Shareholders never recovered. […]

MEG Energy: Derek Evans, Really?

New CEO brings extensive experience in the Canadian Oil and Gas industry with a proven track record of successful resource development and disciplined capital allocation. MEG Energy Press Release, August 8, 2018 His track record at Pengrowth Energy clearly says otherwise. Disclosure: I am long MEG. Not for republication on Seeking Alpha.

MEG Energy: A Strong Vote Of Confidence

MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) is pleased to announce that it has entered into an agreement with Wolf Midstream Inc. (“Wolf”) for the sale of the Company’s 50% interest in Access Pipeline and 100% interest in Stonefell Terminal (the “Transaction”) for cash and other consideration of $1.61 billion, representing 13.4x 2018 annualized […]

Portfolio Update: Sympathizing With Investors Enduring Pain

Despite mostly upbeat Q2 results, my stock picks aren’t moving higher. Sentiment is still negative in the energy market, capping energy stocks gain. Painted Pony and Point Loma are underperforming. Prairie Provident and Granite Oil are my two favorite buys right now. Click here to read the entire article on Seeking Alpha.

Portfolio Update: Adding To My Energy Holdings

Last Wednesday was a test for energy investors. Did you resist the urge of following the masses by selling your energy holdings? I resisted. I added to my favorite energy holdings last Wednesday, which are Gear Energy, Point Loma Resources and Raging River Exploration. Those companies can survive low oil prices and then thrive once […]

Portfolio Update: Moving Chips To My Winners

I am now well positioned for 2017 after another series of move in my portfolio. I added to my positions in Painted Pony Petroleum and in Gear Energy by selling part of my position in MEG Energy. I am preparing my portfolio for lower oil prices. I opened a position in Tidewater Midstream & Infrastructure. […]

Portfolio Update: Aggressive Moves To Start 2017

Here are my trades to start the year: I added to my position in Amaya. Indeed, bad names will stop appearing in bad actor clause negotiations now that both David Baazov and Daniel Sebag are gone. Plus Amaya’s operations are coming out as very strong. I bought back shares in Corridor Resources, as you know. […]

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