RE:MegJust a bit of education on that last bit. If the house votes for President they are not voting by simple majority like you think. The house reps will divide by state, and essentially from an Electoral College within the house, in which case Republicans are ahead again, given the current composition of Reps.
MustangMatt wrote: I like MEG,I have followed them since inception. These are no Connacher SAGD oil sands, MEG assets are on par with CVE oilsands, BEST of the best.
That being said I think the presidential outcome is a major risk on MEG. A trump win keeps the oil flowing, likely gets keystone and other pipelines built. I think a Biden win will open up Heavy oil from Venezuela, plus open up Iran to 4 million barrels a day. Cenovus is hedging the risk of a Biden win with the purchase of Husky. The downstream assets protect 70% of Cenovus oilsand production now.
My opinion is CNQ likely would take them out if the price was right. I would wait to see the outcome of the election first if I were MEG. Trump wins, stay the course, Biden wins look for an exit. So now the ultimate question Trump or Biden. For what is worth I am betting Trump wins. I think the Amy Barret tilts a contested election into to trumps favour. I think the election will be contested and will be up for grabs after the election Day November 3 passes. The Democrats have a way through the house in a contested election. The congress and nancy p have tools to get Biden in so you can't discount that by any means.
Conclusion Meg is a buy, 2 bucks and under. Cheers Matthew