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MEG Energy Corp. (TSE:MEG.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the MEG Energy Corp. (TSE:MEG.TO) seasonal charts above shows that a Buy Date of January 20 and a Sell Date of April 12 has resulted in a geometric average return of 6.22% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 9 years by an average of 34.05% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of MEG.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of Jan. 30, 2019, the company reported estimated net proved and probable reserves of 2.9 billion barrels of oil equivalent. Net production averaged 88,000 barrels per day in 2018.

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