RE:RE:RE:idiotman disappears and another meg defenderthis is the internet, everyone is bias because they are betting one way or the other.
so shorts will be very critical and bulls will be very favourable.
the trick is to separate the truth from both biased positions.
what is MEG really worth?
well that depends on price of oil and the time factor.
if oil or WTI goes back to 65-75 by 2017 then MEG is worth double what it is today or 10-12 range.
but if oil stays in the 45-55 range for all of 2017 then maybe it's worth 8-9 range in 2017.
but if oil stays in 35-45 range then MEG will be worth 5-8 range.
if oil falls back under 35 in 2017 then MEG will fall back to 4-5 range.
the thing that's saving MEG is their low operating cost and low sustaining capital costs because they are very efficient and if it wasn't for their debt levels, they would be a 15-20 stock like CVE but CVE has 4 billion in cash and they have upgradding and refineries.
oh well good weekend everyone