GREY:MGMCF - Post by User
Post by
EnergyHunter1on Jan 09, 2013 9:17am
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Post# 20814031
A few questions
A few questions First off, I've been a reader of this bb for sometime but this is my 1st post. I'm really excited about this play and have acquired a decent position, by my standards anyway, over the past little while. Not enough to retire on good news but enough to profit handsomely barring good results. During the past couple years, I've been investing in primarily overseas oil and gas exploration plays in Africa and Asia with mixed results and have taken a greater interest in homegrown plays such as this one. I'm interested to see how the North unfolds and this one is my main play rightnow
I was wondering if anyone with more knowledge than me could possibly answer a few questions I've had for awhile. 1. Is it me or is this play undervalued at it's current price?. The reason I ask is because I know MGM had a massive gas discovery a few years back near the Beaufort Sea, the "mother load"as John Williams put it on Licence to Drill. 2. Does that find not factor into the current SP due to the fact that currently there is no route to get that find to market?. 3. Are there any current plans to enable that discovery access to markets?.
Thanks in advance for your help and here's hoping for a successful partnership with Shell this season. Hopefully the Canol is as big and bigger as many seem to think it could be. EH1.