traders and shorterswho is on this forum,
1-we have long tern investors
2-we have short and medium term investors
3-we have shorters
4-we have day traders
they have an agenda as I do, and that is to make a profit on my investment.
so take everything everyone says with a grain of salt including me.
MEG;s producing assets will give an acquiring company an instant increase of 82,000 bpd of low cost and low maintenance bitumen.
they ahve approved expansions that can take christina up to 220,000 bpd with a large capital investment but they can also increase produciton in much smaller increments with much lower capital investments.
at a time when companies are cutting capex and any big projects that require large capital investments and will take 5 plus years to come to fruition, they can come in and buy MEG for an instant increase to production by 2017 at a time when oil prices are expected to be much higher.
yes they ahve debt but there is also zero risk to getting expansion approvals for the enxt 10-20 years of produciton increases.
they have a pipeline that go boths both north and shouth and lowers costs by significant amounts.
they have their own co-gen facility that also sells power to the grid and lowers costs as well but as of late these power sales are having a minimal effect on costs.
so no risk expansion, instant increase to daily produciton, lots of future development opportunities in Surmount project.
what's not to like?
Mark my words MEG will get taken out in late 2016 or h1-17, because they need to be bigger to survive in this new low for longer climate.
I think the sale of Devon's acess interest might provide a clue as to who will ultimately buy MEG.
just speculating GLTA