charts don't work with takeoversMEG is on a short list IMHO.
assets are very high quality and at some point they will get gobbled up.
right now high debt is scaring off long term investors and maybe this is a good move due to higher risk investments.
but who ever takeover over MEG gets 83,000 BPD of low operating cost bitument, a pipeline to ship it south, a terminal to store and trranfer it, also a go-gen power station.
plus they get approved expansion to 225,000 bpd at christina lake.
plus they get brownfield expansions for a very reasonable cost compared to new sagd development projects.
plus they get other high quality bitument assets that are in the approval swtage at surmount and still other high quality land packages that are destined for development in 10 plus years.
maybe MEG's big shareholders are getting nervous and maybe want out.
it's time for a deal, MEG WORTH MORE DEAD THAN ALIVE
I'm speculating of course so DYODD