Imperial will have no new major projects coming on stream in2016 and 2017
HMMMM interesting very interesting
no major projects eh???
hey IMO do you want to buy a low cost, low capital maintenance operation with stable production of 83,000 bpd, with very low maintence costs of 170 million and very low operating costs ???
Plus you get expansion approvals of over 200,000 BPD all ready to go as oil prices recover.
Plus you get some really nice pipelines and storage facilities and go-gen facilities thrown in ???
I think IMO is a perfect acquirer for MEG high quality assets and we need consolidaiton in this sector so companies can get bigger and stronger just as SU did with COS.
now I'm also think CVE might like MEG since they are very close in operations but might be a big to big for CVE on their own but with their christina lake partners Phillips 66, very easy acquisition for them as well.
it's time for consolidaiton in the sector, who will offer a fair price for MEG, or even a low ball all share offer, the market knows that hostile deal work in the current low price environment, jsut as Suncor???
just speculating and no I haven't close out my put contracts as yet, but serisouly think about taking profits but I'd perfer to close on a down day than an up day, it's easier to get the price you want.
long calls will make a fortune if a takeover occurs, so DYODD
I expect IMO to offer an initial .2 of an IMO share for every MEG share then settle at .25 to seal the deal
DYODD