RE:RE:MEG going under 5 tomorowhabt2016 wrote: it can go under 5 nobody knows for sure, last time it goes under 5 crude oil was weaker and the whole indecies fall down due to huge risk globally. Now their is no risk, other indices are hovering all time high and crude is the only weaker now, I don't believe it will go down less than 5. it might happen the stock is meg, which is surprise often times.
It usually trades similarily to BTE and BTE closed down $10% today. MEG never reached the lows that BTE did earlier this year I should also pont out, so perhaps it might have a floor, or it might hit 52 week lows if oil keeps dropping well into the 30's.