MEG and POUI hve been trying to get more details on this relationship which I thought included a larger number of MEG shares owned by POU.
so far I can't confirm this because up to 2010 POU still owned 3.7 million shares of MEG.
I might have been wrong to assume that POU had owned more MEG shares but I seemed to recall something that I read but I will continue to dig for more information.
as it stands today.
POU ownes 3.7 million shares of MEG energy for investment purposes.
my quesiton is will they increase their ownership since they owned MEG when it was valued in the 30's and 40's and didn't sell then.
Clayton Riddell likes buying high quality assets cheap and if POU didn't consider MEG's assets high quality they would have sold their 3.7 million shares a long time ago for much more than it's valued today.
so will POU buy more MEG shares now that they have a much stronger balance sheet and are on the lookout for undervalued companies??
will Clayton Riddell buy MEG shares for his personal and family holdings accounts and companies?
lots to consider when buying MEG but for the moment it's all about oil prices.
DYODD