RE: Huge Volume and Down looks like someone is dumping their position, RBC is many of the sells.
really means nothing, if it's one big retail customer, or even a few losing confidence. I don't think it has anything to do with MGX's oil prospects in Norman Wells.
I haven't seen any news from Husky's 2 exploratory wells, bad results would certainly be bad news for all companies in that play and if there's no oil, then someone at Husky has some xplaining to to, since they paid mega dolalrs for the canol oil leases.
hard to beleive that MGM was double this price not that long ago.
I'm not advising anyone here, this is a spec play but if they have oil on their lands, it won't be trading at 0.13 cents any longer as their land is within connecting to curren t under-utilized pipelines.
DYODD