RE:RE:RE:RE:large shareholdersbig oil still needs to grow even if they are cutting back drilling capital and cutting back big capital oil sands and off-shore projects.
so they have to buy production as cheap as they can get it.
like I have pointed out, they can buy MEG at 65,000 per flowing barrel and all of the growth proejcts with that for roughly 12 per share of 70,000 per flwoing barrel for 14 per share.
these metrics are still quite good for long term growth proejcts with christina lake approved to 225,000 bpd and surmoutn and may river on the horizon.
MEG is too cheap and will get taken out, just of question of who and what price?
glta