GREY:MGMCF - Post by User
Comment by
byppon Dec 08, 2013 4:51pm
126 Views
Post# 21983955
RE:RE:RE:Conoco Announces Capital Spending for 2014
RE:RE:RE:Conoco Announces Capital Spending for 2014
Hi OilEng -
I agree that no announcement (aside from a major JV announcement or Husky/COP operational development) will move the stock price. I simply meant that as the stock is at such low levels and we continue to remain hopeful and patient, it's nice to see some good bits of news here and there.
There's no doubt this is a long term hold type of stock, however I'm feeling better now that we've finally made our way through the slow, slow summer months. Now we can start seeing some activity from the other producers in the NWT, meaning we are getting "that much" closer to a true breakout.
I'm hopeful that the next six months will lay the groundwork for some great market returns for MGM stockholders in 2014. All depends on COP and Husky success in the region.