GREY:MGMCF - Post by User
Post by
wolfe001on Mar 11, 2014 8:27pm
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Post# 22310764
What is a fair value for MGM / odds for rival offer?
What is a fair value for MGM / odds for rival offer?My concern is timing - MGM has enough $ to carry us into 2015 and could raise more with minor dilution. Think how pissed we will be if the Conocco wells are prolific and the Canol land value goes thru the roof
15 cents has to be at or close to book value for just the gas assets which have already been writen down to reflect stranded asset status and lower gas prices -- where is the premium for the Canol potential --
Even if the Conocco wells are marginal -- Huskey is spending significant $$ and there seems little downside from here -
What am I missing????