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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Bullboard Posts
Post by quantstockon Feb 18, 2014 11:58pm
361 Views
Post# 22223086

Rebound target $3.2

Rebound target $3.2I don't base my investment decision on fundamentals such as news release or analyst reports. In fact you never know what happens with the company if you are not the controlling shareholder. But this doesn't prevent me from making money on a lot of stocks. For this one, my self developed quan model has just issued a buy sigal. I'd recommend buy some and place selling order at $3.2 to make 10% short term profit. Don't look down upon the 10%, one makes only 2% by deposit in bank for a whole year. Long term investor is much more easier to be hurted than us short term trader. Remember good companies are by far less than bad companies. But bad companies' shares sometimes go up. Therefore, the best strategy is to split total inventment fund to 10 to 20 equal portions. For each selected stock, buy with only one portion and get out of it when there is a 5%-10% profit within a month or two.
Bullboard Posts