produce less and make more moneyvery simple concept
why produce mroe for less money when you can produce less for more money.
quite simple and now with shale industry still having debt issues and bank financing issues, even 50-55 won't start a big increase in production.
maybe small increases of 100-200 BPD in 2017, while many fields still can't make money at that price.
so we shall see where MEG goes but the stars are getting aligned for a much better 2017.
I still beleive CVE taking over MEG is in the best interests of everyone, bigger and stronger but MEG's big shareholders will need convincing before they roll over their investments into CVE.
still time for a hostile offer though, but who will stir up the mud?
GLTA