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Magnum Energy Inc. Common Shares V.MEN



TSXV:MEN - Post by User

Post by Bobwinson Oct 21, 2009 11:24am
566 Views
Post# 16407793

Magnum rising

Magnum risingStock has been steadily moving up from bottom at .08 in November 08 to current .38.  Not sure what is driving upside.  They did report investing in processing facility that will be upgraded so that Sedalia production can be maximized.  Currently only on partial production due to gas handling constraints at nearby facilities.  This gas is liquids rich, which is good news since condensate gets several times the price of ngas.  But still don't see catalyst for this surge to .38.  
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