GREY:MGMCF - Post by User
Comment by
geodude13on Jul 14, 2011 2:49am
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Post# 18829718
RE: Busy Week
RE: Busy WeekMGM is playing with the big boys in terms of the CMV land holdings. I can't understand the relative price difference Husky paid on a per acres basis.
https://www.ainc-inac.gc.ca/nth/og/la/mp/cmv/cmvwinbid2011.pdf
Husky holds several SDLs, as does MGM, so maybe Husky knew something from the earlier exploration programs and paid 10x's more than any other successful bidder. Assuming the petroleum reservoir and source rock trend extends in the same general orientation, MGM should have a good opportunity for exploration targets. Their working commitments shouldn't be overly onerous either so this is pretty interesting and encouraging. If the pipeline is announced; this stock will be in play.
I'm excited.
Regards,