GREY:MKRYF - Post by User
Comment by
jerrybeon Oct 16, 2014 11:18am
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Post# 23033873
RE:RE:RE:RE:RE:RE:RE:finally crumpled...
RE:RE:RE:RE:RE:RE:RE:finally crumpled...I agree...the fact that it is not rebounding like most E&P stocks is surprising to say the least. The latest press release was very reassuring. Full steam ahead on Entice and it seems the midstream solution will arrive by year end as predicted.
The wells they are drilling are solid. This one is completely mispriced.
People who claim oil will go at $40 have absolutely no idea what they are talking about. Shale drilling, oil sands and North Sea drilling would all be unprofitable...supply would melt, driving prices right back up. Venezuela, Iran, Russia would all collapse...just not happening...
As you said, blood on the streets, it is high time to buy this one. In two years, people will look back and wonder how on earth MEI was valued at only $100M...