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ron's avatar

um last I checked MEG has the best balance sheet it's had probably EVER

at $40 CAD, 90% of the oil sector is at HUGE risk of insolvency if those prices held for long (however, your fantasy scenario is not likely to occur for the long run so it's an useless exercise)

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Ronald A Yoder's avatar

If I might ask, in the scenario you describe - which by the way aligns with my own thinking re the possibility and consequences of lower Nat Gas prices- how do you see PNE, BIR and SDE weathering this turbulence to their solvency? Also, I believe you have in the past been a shareholder of BTE. Do your BTE calculations suggest you have sold or will be selling your shares? I ask, not to pry into your portfolio, but to ask about any cracks in BTE's balance sheet you see, or are starting to see. Disclosure: I have significant-to-me positions in all 4 companies. Thanks for any added wisdom you can share.

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