OTCPK:MGMXD - Post by User
Comment by
bob4977on Apr 02, 2013 11:09am
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Post# 21198302
RE: RE: LNG Plants and Power
RE: RE: LNG Plants and Power I agree with you Carinthian on the effects of the LNG plants. Using wind or run of river power gives you a fairly reliable power source. Its not like the rivers suddenly stop running. And wind has its strongest seasons opposite to run of river so they are extremely complementary. Plus, if you use up your resource in transportation costs there is less nat gas to sell over the long run. I would like to see them pay down their debt so they remain highly solvent with a dividend coming when they can afford it. Its hard to figure out how comfortably solvent they are but it does seem their position has been improving so the downturn in price is puzzling.
Bob