MEG's Futurealthough I liked the q2 report from an operational perspective, and that they are planning to grow brownfield with the savings in the capital program keeping 2016 capital within their quideance of 170 million, I just wonder sometimes why MEG's BOD wouldn't entertain a friendly offer and combine with a much bigger company that can grow meg's produciton at a much faster pace and everyone wins if we get a share offer.
I have posted these projections in the past and I have been critisized for my low estimates considering the nature of their long life assets, but you also have to remember that the world is changing and changing quickly so for MEG's BOD to not even consider a friendly offer to me seems like they are not performing their fiduciary duties at a time when they need to be looking at all avenues for survival, be asset sales, JV's and or outright company sale.
here is my personal targets if a friendly takeover were to occur in the current low for longer oil price environment.
of course things would changhe drastically if oil goes to 75 that is looking dimmer and dimmer at least in the foreseeable future.
take these numbers with a grain of salt
| PER FLOWING BARREL | VALUE PER SHARE | ENTERPRISE VALUE |
| 50,000 | 6.444444444 | 6250000000 |
| 55,000 | 8.288888889 | 6665000000 |
| 57,500 | 9.211111111 | 6872500000 |
| 65,000 | 11.97777778 | 7495000000 |