MEG still has the large debtyes higher oil prices help tremendously and this si why I bought in the first place because of the torque to higher prices but even with the loftiest projections of 55-65 range in h1-17, the fracker will be growing again and by h2-17 prices will come back to under 50 or around there.
so I'm hoping MEG goes to the market pretty soon and taps the equity market for at least 200 million to help increase prodeuciton and lower costs in this rising commodity market, otherwise I will have to conclude that they are fools and repeating the smae mistake of not issuing equity when their SP was in the 30's in late 2014.
can lightnign strike twice on the equity issue front????
wake up MEG board, it's time to issue more paper to protect the balance sheet.
are they waiting for 10??? will MEG go to 10???
maybe with lots of support from the brokers at they will cover and hedge their bets, so be careful here.
just my 2 cents DYODD