> Question for me is WHY ?- Ever since early April this year, MEG has been Stuck in an ever descending SP channel,
and we are now nearing the lower band of that channel @ ~ $ 26 .. suggesting a potential bounce
back up into the ~ $ 28 zone.
- Also, the "Asks" quite easily overwhelm the "Bids" on a regular basis.
> So the Question for me is WHY ? ..
- The Company is executing well .. Debt is quickly being paid down .. Production guidance is
increasing .. Mgmt is focused on returning substantial FCF to investors .. Sitting on decades worth
of long-life oil reserves .. TMX pipeline access will eventually deliver better, stable pricing
for their products .. Just introduced a small Divy (likely to increase over time) .. and yet, Yet this thing is about as shunned as a Turd floating in a swimming pool !!
> Is there something more nefarious at play here ? ... Is someone driving the SP down to possibly
take out MEG on the cheap ?? ... Interested in hearing your perspectives.