RE: RE: MGM deal with Shell I have been trying to buy more at 0.215 and I did get a few but my order is still open, so there are not many sellers at that price. I suspect the pros are trying to get sellers to sell more at lower prices before they take the SP much higher.
it will pop at some point but I'm hoping that I get the rest of my order filled on a down day and I will hold and wait for Shell to drill and announce their results.
if this play is economical MGM is sitting a huge reserves of shale oil and that is very material to their SP.
this is time to buy MGM while it's still relatively a new emerging play and the crowd has not really jumped on the bangwagon as yet. when the Canol shale oil gets up front in the news, MGM won't be sitting at 0.22 cents.
yes it might take a few weeks of even a few months before the crowd finds out about Husky's, plans and Shells' plans but it will happen, just a matter of time.
DYODD