GREY:MGMCF - Post by User
Comment by
shambano1on Dec 13, 2013 10:23am
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Post# 22002800
RE:RE:RE:RE:RE:RE:Another devolution article
RE:RE:RE:RE:RE:RE:Another devolution articleJust imagine what would have transpired if shale NG had not existed, we'd have a MVP pipeline already, and MGX would be a large producer of central McKenzie NG and I can guarantee our SP would be in the $5-10 range if not more.
one day in the future as these shale fields are depleted or it gets very expensive to drill these wells and they need 10-20 /mcf gas prices to make them economic, we'll get a piepline faster than you can say McKensie Valley pipeline.
Now imagine what will happen if Exxon decides to ship artic gas or produce LNG in the artic and ship it south to BC for export.
the only reason I'm investing or speculating in MGM is because of the size of the prise, and yes I agree with you, it's been a long time coming and who knows it might still be another 5-10 years but the prise is huge if and when it happens.
are our odds better than a lottery ticket, I certainly think so.
let's see if Exxon decides to proceed with MVP decision in the very near future, and see what impacts that might have on our SP.
DYODD