interesting chart for MEG | shares out | daily production | per flowing barrel | value per share | enetrprise value |
| 225,000,000 | 83,000 | 50,000 | 6.444444444 | 6,250,000,000 |
| 225,000,000 | 83,000 | 55,000 | 8.288888889 | 6,665,000,000 |
| 225,000,000 | 83,000 | 57,500 | 9.211111111 | 6,872,500,000 |
| 225,000,000 | 83,000 | 65,000 | 11.97777778 | 7,495,000,000 |
| | | | | |
| | | | | |
| 245,000,000 | 100,000 | 50000 | 9.387755102 | 7,100,000,000 |
| 245,000,000 | 100,000 | 55000 | 11.42857143 | 7,600,000,000 |
| 245,000,000 | 100,000 | 57500 | 12.44897959 | 7,850,000,000 |
| 245,000,000 | 100,000 | 65000 | 15.51020408 | 8,600,000,000 |
it would seem by my calculations that MEG is worth approximatley 1 billion more in enterprise value if they issue 20 million more shares and increase capital and raise produciton to 100,000 in 2017.
the per share values are really noticable and are 3 dollars more in the various ranges, so it makes perfect sense for MEG to issuse 20 million new shares be they a secondary or private placement to the big shareholders and increase produciton with their
the application of eMSAGP in 2017 and 2018.
I think I'm using lower produciton numbers than can acutally be achieved.
and I have not taken into account lowering cossts and increaes in CF, just based obn value per flwoing barrel.
now I would really be impressed is they sign a JV or issue shares privately at higher prices, like 7 or 7.50.
GLTA