RE:since it went up 18% today it will be in redit will all depend on oil prices. if oil falls back and tests the low or at least resistance, MEG will fall back for sure.
we are getting into refinery maintenance season soon, so that will mean less demand for oil, and unless we see supply drop along with this reduced demand, I really can't see oil go much higher, but this is logic, and as we have seen logic means sh|t in this market.
so if you buy you buy for long term, and if you are a trader and can play the daily swings then go for it.
if an news for access pipeline is confirmed, then MEG will go higher depending on how they receive for their interest in this piepline. don't forget the other 50% owner of access is also selling their interest, so maybe obne buyer for both??
either way, it's going to be choppy for while yet.
GLTA