Paramount RES owns 3.7 million shares of MEGwhat do they plan to do with these shares that they hold for investment purposes?
increase at these low prices ??
bail and get out while they can?
well to answer that question we need to look at MR Clayton Riddell and his investment philosphy.
buy the best assets and long life assets before others decide to copy you and go big.
Paramount just sold a large chunk of their NG business to Seven generations and now have a much stronger balance sheet to invest in their other plays which are still vast or other ventures be it takeovers or JV's.
the one thing I can say about MEG today, they have great assets and great people that's a gvien but they need a friend to help them lower debt and increase their produciton at very good economics.
is MR Riddell and or Paramount RES going to be that friend???