Meren Energy: Undervalued Income Play with Upside Optionality
Meren Energy offers a double incentive: a high-coupon-style dividend (around 7% today) and a reasonable recovery upside as oil & gas fundamentals normalize. This trade targets an entry at $18.50 with a long-term horizon, a conservative stop under $15.25, and a $26.00 target driven by normalization of multiples and steady free-cash conversion.