MegI like MEG,I have followed them since inception. These are no Connacher SAGD oil sands, MEG assets are on par with CVE oilsands, BEST of the best.
That being said I think the presidential outcome is a major risk on MEG. A trump win keeps the oil flowing, likely gets keystone and other pipelines built. I think a Biden win will open up Heavy oil from Venezuela, plus open up Iran to 4 million barrels a day. Cenovus is hedging the risk of a Biden win with the purchase of Husky. The downstream assets protect 70% of Cenovus oilsand production now.
My opinion is CNQ likely would take them out if the price was right. I would wait to see the outcome of the election first if I were MEG. Trump wins, stay the course, Biden wins look for an exit. So now the ultimate question Trump or Biden. For what is worth I am betting Trump wins. I think the Amy Barret tilts a contested election into to trumps favour. I think the election will be contested and will be up for grabs after the election Day November 3 passes. The Democrats have a way through the house in a contested election. The congress and nancy p have tools to get Biden in so you can't discount that by any means.
Conclusion Meg is a buy, 2 bucks and under. Cheers Matthew