RE:RE:Target TomorrowAs you and Deckdude are instant gratification seekers, I think you would be much better off if both of you sell your shares and invest in tissue, some lotion, and a video.
MEG is a company that has decades of proven reserves, trading at insanely low multiples, in a superbull oil market, that just stated they will continually return 100% of profits back to shareholders starting next year after the debt is paid down, for a lot longer than most of us will live.
Guessing the share price on open is a mugs game, creating cluttering piles of waste to sort through in order to find the gems of useful informaion by some good posters here. It is almost as bad as those constantly whining about the daily price movements, the quickest way to get ignored permanently.
So welcome to my ignore list, a feature which I find very useful to raise the overall average intelligence on this board, and reduce the useless posts.
Perhaps when you create your next account, you will conduct yourself differently.
I'll bet there are other investors here that feel the same way, and will do the same.
Goodbye, goodluck, and remember to wash your hands after you are done.
sorrenson wrote: Im not expecting much increase as they have no dividends for 2 years if ever
The whole deal sounds lovely but in oil its not likely that there is any money in two years . So shares go back down as price of oil drops. All the executives and directors will get nice paychecks but nothing to the owners and then the share drops and shareholder are screwed yet again.
They should be paying the owners (shareholders) . I for one am going to take whatever we get in the next few days and then sell and buy stocks with actual dividends not just paychecks for the hired help and promises of "someday"