RE:Globe & Mail Articlethat about sums up MEG the I see it also.
the clock is ticking and unless we can get a clear and stable upward trend in oil prices they will have issues down the road.
but for now, it's priced in a good range to either profit trom trading or profit from selling options.
I won't bet the farm on it, but there are some scenarios that will do exceptionally well in 2017/2018 if oil prices can get over 60 wti and hold in the 60-70 range.
right now they are losing money every day at 44 wti and need at least 50 wti to break even taking maintenancve capital into consideration.
it's all about risk reward he way I see it.
GLTA