RE:RE:takeover monday for megmeg is an ideal company for a takeover, great lwo cost assets, low operating costs and can easily grow produciton with small capital outlays.
just the debt needs to be refinanced which wouldn't be hard to do for a major company like IMO or SU or CNQ?
who wouldn't want 100,000 bpd of added produciton for 2017 with 20-30 million capital??
I figure that MEG had a deal lined up be it takeover or JV with a major like SU but they were waiting for oil prices to keep going higher and now that oil is going lower they finally said it's time to sign a deal.
there was a ton of buying near the close and considering oil prices were down today, there is no other explanation in my mind.
or they sold access pipeline but I don't think that's it since it's a strategici asset unless thy got a good dela on processing fees??
GLTA