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Mcf Energy Ltd V.MCF

Alternate Symbol(s):  MCFNF

MCF Energy Ltd. is a Canada-based junior resource company. The Company is engaged in the identification, and the exploration and development, of both proven and unproven reserves via drilling and/or acquisition with a focus on the European oil and gas sector. The Company has secured interests in several significant natural gas exploration projects in Austria and Germany with additional concession applications pending. It is also evaluating additional opportunities throughout Europe. The Company is involved in the development of a natural gas industry as a transition to renewable energy sources.


TSXV:MCF - Post by User

Comment by practicalguyon Aug 26, 2024 10:33am
93 Views
Post# 36195972

RE:$$$$$ ,

RE:$$$$$ ,

A good idea is to understand the stock even a little bit. 


The gas price you are quoting is NYMEX, which is for the US. 


The gas price MCF investors care about is in Europe and is called the Dutch TTF which is trading at about $12 USD per mmbtu currently.

This company has absolutely zero chance of making money at $2 gas, but can make loads at $12 gas. 

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