MGM Energy Corp MGMCF

Another devolution article

[bypp]

https://blogs.platts.com/2013/12/09/nw-territories/

[johncalgary]

The only thing that will move a junior oil stock up and have it stay up is product going down a pipe to market. MGM will still be 15 cents next year and the next and the next all the news in the world means nothing. Take the tax losss and move on.

[shambano1]

Deals will be made and money will be spent and SP's will climb, it has nothing to do with production in the short term.

[johncalgary]

thats right. its just mindless gambling pumped and promoted by stock brokers on these web sites. in the end the retail investor is the sucker. if you want to play this game sell when ever it goes up a few pennies. a person can follow these cons around the venture exchange and actually make money but these companies with no production like mgm engery been around 7 years and not a cent made and no

[shambano1]

you are entitled to your opinion for sure. here are my positives on MGM: 1-they have almost 1 TCF of gas already discovered and waiting on a pipeline decision.  These large reserves are ideal for LNG exports since they are big delivery wells that can supply lots of gas over a long time without constatnly drilling more and more wells as in shale gas. 2-the nat gas in the Mckensie will be

[johncalgary]

Everything you say is true and well researched. But I heard the same thing about the Mackenzie valley and the Canadian arctic in the 1970's and the 1980's and now. I can imagine how stupid it would have been for me to have invested money into this area in the 1970's it would be the same as having buried money in a grave or throwing it in a black hole. Why tie up cash in MGM when you

[shambano1]

Just imagine what would have transpired if shale NG had not existed, we'd have a MVP pipeline already, and MGX would be a large producer of central McKenzie NG and I can guarantee our SP would be in the $5-10 range if not more. one day in the future as these shale fields are depleted or it gets very expensive to drill these wells and they need 10-20 /mcf gas prices to make them economic, we

[johncalgary]

I have a lot of mgm I started buying it at $5.80 and have quit a bit of the stock. I can afford to hold it and if need be take a tax loss. I too am waiting for the pipeline decision on Dec 20 if its a go then we are in the money if its a no go sucks to be us. I would not recommend this stock to anyone that can't afford to tie up their money for at least 10 years.

[shambano1]

yes i agree on your 10 year time horizon but it could come much quicker than that as well, it all depends on many different scenarios that are currently being played out. GL to MGM'er  we need a break for sure

[bypp]

What exactly does this meeting on the 20th entail?

[shambano1]

I'm no expert and I don't have the details in front of me and it's been a while since I got an update, but since the MVP already has most of the government approvals and everything is ready to go except the proponents, they have to decide if they are going to preceed with the build of the MVP or not. I'm not sure what happens if they decide to delay or decide to never build the

[johncalgary]

This play is not ecomonical at all at this time and Imperial would be dumb wasting money on it. However that being said the Canadian Government wants this they want the ecomonical progress in the north they want to assert Canadian sovereignty in the north right to the pole. They also want at least one pipeline to start to show Canada is serious about getting its oil and gas to overseas markets

[shambano1]

if the decision is a good forward decision then MGX will not be at 0.16 cents next week, so this long term stock that is going to take 10 yerars to make shareholders some money will be moving up considerably. sure it will takie years to build the pipeline but just buidling it means that you can figure out a price for their resoruces even if it's 5-7 years down the road since it will developed

[johncalgary]

My guess is .40 then profit taking then back to .40 then about a dollar in 18 months .  It will not be a bunch of dirt shirt low pay punk stock brokers pumping this project it will be the Canadian government.

[HobsAZ]

I would say John in Calgary already sold for a tax loss and is a liittle concerned.  If not take your tax loss and move on.   I call BS on  

[johncalgary]

What broker you working for? You guys are panicing you are all going to get stuck with this junk and guys like me warn the retail investors about your pump and dump scams.