RE:Have a little faith45yessss wrote: Follks we just got out of the worst bear market for oil in 5 years. Trudeau is actually against us and works daily to f--k us over but the world needs oil and the US refineries love the heavy stuff MEG sends down. MEG will blow out the next ER if this oil price holds--even if it drops to $50-55 MEG is making lots of money. As it pays down its debt watch for a divvy next year.
I have to say, I am very impressed with what MEG has done over the last few year. DE and the rest of the execs have done a good job reducing debt and positioning the company for good future growth. However as far as I'm aware MEG want's to reduce its debt and grow its asset base rather than become a dividend paying corp.