RE:1troffer you Fool! Meg 5.3 Billion in Debt Wow! Wow! Readstojko1966 wrote: I knew you were not a smart Investor Doesnt like this. An oil sands player. Have about $5.3 billion worth of debt on the balance sheet. Their asset is quite good, but not in this oil price environment. Going through a process of trying to rationalize certain key strategic assets, namely a 50% stake in an access pipeline. Looking at it on a debt to cash flow ratio, it looks like 65X debt to cash flow with where oil prices are right now.
And yet MEG didnt plumment as quickly or as low at BTE did. Not sure why exactly, but MEG was still in the teens when BTE was single digits. They trade differently from one another... Not really comparable.