RE:CEO DE GIVES SOLID RETROSPECTIVE: A MASTER In The MAKING- NOT a BIG BELIEVER in BASE DIVIDENDS as MEG has NO NEED to ATTRACT those SPECIFIC DIVIDEND-SEEKING INVESTORS as the company is ALREADY EVALUATED AT A PREMIUM to it's PEERS
- 'SEES' dividends as a FIXED COST OPERATING EXPENSE and you ALWAYS WANT to BE the LOWEST COST OPERATOR to SURVIVE and TAKE ADVANTAGE of the SITUATION during the DOWN CYCLE
- they LOOKED at the CLEARWATER PLAY and RAN AWAY as the PRIME AREA was TOO EXPENSIVE and 'could' NOT JUSTIFY it to shareholders
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