RE:not a donald... a shamboner...LOLI never said they didn't have debt and I also said their debt is why the stock is so low.
but even given their high debt, it is spread out over 3-4 years and not until 2020, so it's not like the banks are going to foreclose tomorrow.
also they have assets that they can sell to meet their first debt repayment in 2020, so again it's not a big risk right now, at least not with rising oil prices.
yes if oil were 30 wti I would be concerned.
their is covenent light so again the banks can't force them bankruptcy.
right now MEG has the opportunity to increase production with low capital which will lower costs and increase netbacks because the assets are very high quality.
I can honestly say as oftoday my average cost of my MEG shares is 5.967, so not up or down.
at this point I'm going to see where oil prices are heading.
if they are going to 55-60 range I will hang on and hopefully profit but if they fall back under 45 I might sell and cut my losses.
q3 might have some good news, which might also help the SP.
GLTA