What valuation do you give to Surmont? What do you think the present day costs for another plant would be? With your comment "With oil prices in the CAD$100 range" did you mean USD?
Confirmation bias tells me to like this article as MEG is a massive portion of my portfolio.
Nice writeup Michael. Curious on how you came up with the $2.5bn in annual cash flow figure?
What valuation do you give to Surmont? What do you think the present day costs for another plant would be? With your comment "With oil prices in the CAD$100 range" did you mean USD?
Confirmation bias tells me to like this article as MEG is a massive portion of my portfolio.