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MGM Energy Corp MGMCF



GREY:MGMCF - Post by User

Post by OilEngon Feb 02, 2013 12:10pm
431 Views
Post# 20928953

Is Husky's telling us something about Canol?

Is Husky's telling us something about Canol?

I have no idea about technical analysis, so I would like some help with something that I have noticed about Husky's trading.  Below is a chart for Husky as compared to Suncor which I think has a similar business.  Around November 27th they starting diverging.  This is just about the time that they gave an investor presentation in which they gave a lot of details about their resources plays.  They also gave out some stuff on the Canol (they call it Slater River). 

I have done some back of the envelop calculations and Slater River could be very material to Husky.  I think they could have a lot of oil there and it would really move the needle on their stock price. 

What do you think is going on here? 

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