GREY:MGMCF - Post by User
Post by
shambano1on Feb 03, 2011 11:09am
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Post# 18068575
new production company in making
new production company in makingMGM is changing their face with an oil well that can be hooked up to production and generate good CF at todays prices.
so what does this mean for shareholders, CF will mean less equity issues to pay for NG exploration or more importantly cold also be a focused oil exploration program and continued increases in production and growth.
This effectively means that MGM can wait out MVP build and also could have C F to continue it's big NG programs for future production.
I think management is very wise with this new emphasis and this will ensure our survival as a big NG producer in 5-10 years.
cheers and GLL and DYODD