RE:RE:MEG is too small to survive in the new oil regime just an opinion man, don't take it personally, take it with a grain of salt.
most of the facts that I mentioned are verifiable and some I confess are my expectations based on years and years of experience with investing.
my comments are not a diss on MEG but rather their BOD for not putting MEG up for sale.
the old days of O&G development in Alberta are dead, and sooner this board realizes this fact the sooner MEG will be put up for sale.
ask youself;
1-will there be any new pipelines to either coast where canada can export their oil products for world prices?
answer not in our lifetime if ever because it's bad for the environment we are told
2-with new environment rules how can a smaller oil sands player survive the extra costs
answer - they can't
3-will MEG's debt ever go down?
answer in a 40-50 or even 40-60 wti market it will take meg 20-30 years to pay off their long term debt and it will come due way before then, and will they get refinanced at equal terms?
4-will MEG really sell the access piepline?
answer-Nope because their operating costs will rise and create even hjigher losses than they ahve now.
bottom line - take the IMO friendly deal and be doen with it
of course I'm guesing there is a deal to take
glta