MEG Energy Corp T.MEG

Meg

[MustangMatt]

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

[RandomCommenter]

Just 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]

That is correct, house votes by the state, Republican advantage.  That is why I think Trump wins, if it doesn't look like he can get to 270 he can tie up several contested states i.e PA,MI,WI,MN in court past the January deadline so no one gets 270, then Congress will elect the president.  That would be political horsetrading at the highest level.  My analogy would be like going

[MustangMatt]

Contingent Elections In the case of an Electoral College deadlock or if no candidate receives the majority of votes, a “contingent election” is held. The election of the President goes to the House of Representatives. Each state delegation casts one vote for one of the top three contenders to determine a winner.

[BCthoughts]

I have to say I respectively disagree with that assessment. What has Trump done for the Canadian oil sands? Absolutely nothing, he's looking after his own. A Biden win would shutter US oil production by making it less profitable. Canada won't get their Keystone XL either way. Trump has had 4 years to make that happen. A Biden win is a good thing for Canadian oil. 

[MetalsKing]

I agree, fracking ban on Fed lands and more taxes on oil or doing away with tax breaks. U.S. production falls a good bit more, Venezuela is a disaster, will take  long tome to bring them back and why would an anti OIL admin want to help bring Venez production back on line? Much rather own solid Canadian oil production them U.S. and I am ok with solid U.S. pipes

[poliden]

This post has been removed in accordance with Community Policy

[fishbeecee]

So several things to unpack here. First off....I will remind everyone that the Dem's were poised to take the whithouse in 2016 but that James Comey letter that came out a week before the election swayed that small number needed to tip the electoral college in Trumps favour. None of that has happened. During the campaign and the run up to today the polls have been very consistent. I will say