RE:RE:RE:RE:Unf/cling Believeable. both can afford an all share offer since both stocks are still quite high given the low price of oil.
so they woulod take on the debt of course but when renegotiating time comes, the interest rate will drop significantly from current levels as they are both less risky companies.
I'm not saying a takeover is immenent, but it is a possibility.
Now Conoc or whoever already owns a large interest as does private equity, so it's in their best interest to see MEG grow produciton and CF in the next 3 years, so that means possible JV to increase produciton 20-30,000 BPD in the next 2-3 years just as when the debt comes due.
I also agree, a JV is more likely to raise cash and increase produciton at very low costs.
but again we are all just speculating here
DYODD