rough numbers on MEG
According to WSJ article
Husky's unsolicited offer is $3.3B plus assume $3.1B in debt - would value acquistion at $6.4B - if correct.
I will look into this more, but just some quick play with numbers (MEG and BTE are not apples to apples, but probably closer than some other comparisions)
Around 100K a day production for MEG
BTE around 100K a day production
$2.1B in debt - if a price were offered of $6.4B you would be looking at $4.3B after debt is paid or a price of around $8.50
there is room for this to go up substantially from here - I'll take a deeper look
and I thiink MEG will want a much higher price -
hopefully we go up into the mid $3's USD in this month at the very, very least - it should go over $4 USD, but the market sentiment hasn't changed - some company should try to buy BTE now while the price is so beaten up - however, until the current acquisition settles we may not see it