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Mapan Energy Ltd. V.MPG



TSXV:MPG - Post by User

Comment by MartinLVon Oct 09, 2014 6:43pm
107 Views
Post# 23016504

RE:RE:reached support level??

RE:RE:reached support level??And I am the first to admit my knowledge might well be a lot less than yours.
It is just that I have heard the phrase "support level' on BNN (which I ceased to watch) for so long and it seems so utterly meaningless. The only support is what someone is willing to pay for the shares at that moment. I don't know what First Energy was up to but most of the oil and gas sector has been suffering these past two months. The timing for MPG couldn't have been worse.
If they can weather this storm and the price of oil and gas improves then this may be a good one to be a shareholder of.
In the meantime, I am looking for that eventual rebound in the oil and gas prices.

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