RE:RE:target prices are future expectations sure MEG will go to 14 when oil goes to 75-80, maybe not in our lifetime now.
it all depends on them shale boys and on OPEC and their market share game.
don't forget opec wants to sell as much of their oil from now for the next 30 years before our new world is totally electrified.
russia will keep growing produciton because in ruple terms they are still make money opn oil sales and becasue they need the cash in their economy.
so yes if you are a dreamer lile ideaman then buy and hold and wait for 14, just be prepared to wait a very long time and if nothing happens before those bonds start to mature where will MEG get the money to pay for them????
so if I'm speculating I'm speculating with good reason, MEG is s till a pig at 50 dollar oil and yes they can pay their bills and interest payments barely, but when the bonds come due. there will be pain if oil prices are not 75 at least.
no news on access becasue the buyers know oil will stay low for years, not months.
so you said one correct things in yoru post ideaman, do your own DD obn MEG.
but lipstick on a common pig doesn't make it a prize winnng breed.
glta