MEG TURNS BULLETPROOF As It AVOIDED M&A & OUTSIDE GROWTH- after having been MASSIVELY HURT by the COLLAPSE in crude oil prices in 2015 and SHUTTING DOWN it's AMBITIOUS PRODUCTION GROWTH and COSTLY PARTIAL UPGRADER PLANS, it CLOSED the HATCHES and TRANSFORMED ITSELF into a SURVIVAL AT ALL COSTS OPERATION
- it MONETIZED it's PRIZED 50% interest in the 420,000+ bbls/d ACCESS Pipeline and 100% interest in the STONEFELL STORAGE TERMINAL (900,000 barrels)
- PURSUING a LOW-RISK CONTROLLED ORGANIC GROWTH STRATEGY by investing in MODEST GROWTH INTIATIVES with HIGH RETURNS and funding them either through EQUITY (2017: + 20,000 bbls/d BOP) or INTERNAL CASH FLOW (2022: + 10,000 bbls/d BOP) and the UPCOMING BOP PUSH in 2024-2026 {+ 15,000 bbls/d BOP}
- so MEG has SEEN the DARK SIDE and it does NOT want to GO THERE AGAIN
- NOW it finds itself in a STRONG POSITION to RESIST any VICIOUS DOWNDRAFT in the price of crude oil
- NOT many have followed the MEG path with many like SCR, CPG, WCP, and BTE having gone HUNTING and NOW find themselves MORE VULNERABLE to SHARP crude oil PRICE DECLINES
- ATH also has a FORTRESS MENTALITY
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