RE: RE: RE: RE: RE: RE: RE: options issued, GAP up MGM is not a 100% spec stock, I know that much, have you read the posts by Oileng, they know what's underneath their land, they have drill and cores results in and around their wells site, the Canol resources lies under a very large area, and the technicals looks very favourable.
of course it's not a 100% home run at this point but we have hints that it will be a very and profitable play.
1-Husky has spent far more that anyone expected because they wanted to get the prime land. I'm not sure if Imperial and Exxon/Mobil bid on these leases, but Husky either had some good data and they wanted the land without risk of being out bid.
2- Husky is spending money on camps, permanent roads, and all of this points to more and more drilling and establishing a permanent presence in the north because they want to be the go-to company for the locals and they want the locals to also make money and get on Husky's side when it comes to environmentals and other government regulations.
I can go on with other hints, but suffice it to say, the risk of failure is maybe 10-20% and rewards are huge and this points to more buying and positioning before the news.
if this was 10 years ago or even 5 years ago, MGX would be trading closer to 1.00 by now because the prize if so huge.
I might not be an oil&gas engineer but the quality of that inforamtion on this forum is good enough for me, and I have more buy orders in place today.
we are going higher my friend, much higher but DYODD