RE:RE:We will get a new low by we'dnesday ... Thursday 3$shambano1 wrote: Pump and dump really I don't see anyone pumping the oil stock or any oil stocks, all I see is shorts telling lies.
let's be honest here and I'm not saying meg will go up from here, it will all depend on oil prices now and in the future.
1-finally alberta royalty won't hurt MEG
2-very low cost operator and low capital requirements for foreseeable future. they can keep production flat to growing by 3-5% for very low capital.
3-pipeline asets and co-gen asset and storage assets will be sold for a good price, these are valuable infastruture assets and have value
4-cash on hand in 2016 is over 400 million and credit facilities available if need be.
5-long term debt odes however need to be address and lowered to lower cash costs
6-meg doesn't need 50-60 WTI to make positive CF, it's closer to 45 wti but that was at higher CND, so I'm not sure what breakeven is at 0.71 CND.
7-meg can do down with falling oil prices but Russia has blinked and they need higher oil prices otherwise their economy will go into a major recession in 2016
so I'm not pumping here, meg will go down if oil prices fall but then again it can go up with rising oil prices and a sale of the access pipeline also.
also there will be consolidaiton in the energy sector in 2016, is MEG a target, I don't know, you decide
this reply i meant