GREY:MGMCF - Post by User
Comment by
byppon Dec 20, 2013 8:20pm
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Post# 22029082
RE:RE:RE:Imperial Oil puts Mackenzie Valley pipeline on hold
RE:RE:RE:Imperial Oil puts Mackenzie Valley pipeline on hold
Well, its certainly not the best news we could have heard, but I was at least happy to see the share price didn't tank even further. I guess that just means (which makes sense at these levels) that the current share price has already priced in the natural gas assets being stranded however much longer.
This would have been a nice bonus, but clearly the only near-term gains we'll ever see are only going to come with the development of the Canol. I've got to imagine that COP is beginning to prepare and drill sometime soon...it'll at least be nice to be out of the quiet summer months and hopefully hear some bits and pieces of information from ongoing activity.