MEG Energy: Top 10 Undervalued Mid Cap Stocks on TSX (MEG)

MEG Energy is now ranked among the top 10 mid cap stocks on the Toronto Stock Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below). Mid caps total market capitalization (2-10B).

All data provided as-at market close September 29, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. MEG Energy MEG Energy Corp is an oil exploration company. It is engaged in the development of oil sands in Alberta. It has two commercial SAGD projects; the Christina Lake Project and the Surmont Project. MEG Energy is listed under MEG on the Toronto Stock Exchange.

More about MEG Energy

Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.

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