GREY:MGMCF - Post by User
Comment by
JR5on Jun 22, 2009 11:36pm
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Post# 16090377
RE: RE: Re:RE: Stop the madness
RE: RE: Re:RE: Stop the madnessIt wouldn't surprise me one bit if they went private or get absorbed into paramount for stock. The remaining cash that MGX has could be put to use buying up train wrecks. They can be had for ten cents on the dollar. If oil prices slide again it would be excellent timing to take advantage of the opportunity to bild cassh flow and reserves at no risk and at a fraction of what it would cost to drill. Also heard the federal government is being questioned by the northern interests why they can't come to the plate like the USA and Alaska.
https://www.financialpost.com/news-sectors/story.html?id=1566264
Certainly beats waiting for the Joint Review Panel to wrap up the process. Of course they don't have to worry about losing any money or having a job. They probably think its like a senate seat-a job for life. Pathetic!
Cheers,
JR.