MGM Energy Corp MGMCF

RE: Big Changes happening in Regulatory Regime

[glacierman]

 

Oileng,  I never grow tired of reading your posts.    As always, they make you think.   Let’s put regulations aside for a moment and talk about economics.    You mentioned that economics killed the MVP but could the tight oil revolution also derail the northern projects due to their high costs?   I keep reading about the money pouring into the Cline Shale in Texas which combined with Eagle Ford and the Bakkans will turn the US into a super oil producer.    I believe that the Canol has a small window of opportunity before the SOUTHERN projects win the battle for capital resources.    Here’s crossing my fingers that the Sathu Land and Water Board has some sense of urgency.     But regardless of my reservations,  MGX  seem to be ending the year with some momentum.    Here’s hoping for a takeout at $1.50/share or $600 million before the price of WTI plummets.    First round on me.