today was a distribution daysmart money distributing their shares to not smart money.
print some nice headlines and wathc the masses buy lots an dlots of shares as the price rises.
classic sell on news scenario
but longer term MEG can do Ok if you can guaranttee much higfher prices, 60-70 plus
but I just doen see those kinds of higher prices because we know at 50-60 range , the shale guys will be back with a vengence and they will hedge future produciton and bring on lots of wells.
now MEG's asset s in the right hands will survive and prosper but only once you get rid of the debt and then start to add increments of produciton every year 10-20 bpd until they reach their approved 200,000 bps.
again just my 2 cents so DYODD