GREY:MGMCF - Post by User
Comment by
shambano1on Jan 19, 2012 9:41am
194 Views
Post# 19421045
RE: stock buyers
RE: stock buyers You're right, MGX is not a good flipper right now because it doesn' trade enough on a daily basis. It will start to trade on hihger volumes the closer we get to Husky starting to drill 2 vertical shale oil wells. Don't foget Husky paid big bucks for these leases in central mckensie, so they must have had a good idea on what they are searching for. They wanted this land and they were willing to pay a price that guarantted it, not sure if there were other serious bidders but husky is in control now.
my only worry is whehter they will release thir findings to the market or not. I'm sure the market will figure it out in time just by activity levels and future drilling contracts, and hotel bookings, supplies ordereding, etc.
I want more MGX but right now my order is in for 0.195, why not wait for sellers to get out on this pull back. Come on sellers take my bids.
DYODD