MEG Energy Corp T.MEG

> Question for me is WHY ?

[u4eah]

- 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.

[Fuzman5902]

The time to take out Meg on the cheap is long gone. If something like this were to happen I suspect it would be a friendly merger with little or no cash changing hands. The obvious choice  would have been CVE but I'm of the opinion they need to  reduce their share count 1st CNQ is to cheap, SU  maybe but i doubt it.( Still working on getting thier own house in order) The

[vwbusman]

I think it really has to do with retail investor sentiment about the volatility of the sector plus the negative optics for institutions to invest in oil.   Until the cash flow and returns on investment really become outsized (they are ok now but need to get better), I think we are basically stuck with the ups and downs of oil price.    I think MEG should have maybe skipped the