Why do we buy and sell this rolling turd called MEG?
Meg the giant rolling turd.
Why do we all buy and sell this rolling turd. because we make money .
Just like many other rolling turds out there.
But just in case you want some insight into the turd we are buying and selling.
almost 6 billion in debt
loses more in value than most stocks when oil is down
Goes up marginly when oil is up
Desperately needs to sell their assets to cover debts, change that, hoping to sell their assets in this horrible time.
BTW, would you sell assets in the worst possible oil crunch? you would if you have money problems.
Hopes a white knight buys this company and magically takes their billions in debt with them.
well, we all know thats not going to happen at these prices.
The big guys would rather watch them go into bankrupcy and buy it cheap afterwards.
The big guys like suncor would rather sit on their cashflow and savings and are in no rush with oil below 60.
Cheers