Mcf Energy Ltd V.MCF

Started a Position

[DocPat]

Started a Position @ $0.30. I generally stay away from pure exploration plays, but, these guys seem sharp and they are indeed hunting Big Game. If they are correct, it could be really Big.

With that said, I am concerned about the share structure. To many shares outstanding already and I would suggest to the company not to dilute the Company any more. TCF is an excellent example of this. No need to repeat the mistakes of others.

Doc.

[BebeRebozo]

Valid points.  These shares from the latest financing and from the vend in are in pretty strong hands.  That's the only comfort I can take from it.

[TheLandedEagles]

Very much agree...its a gamble with these speculative high impact stocks....as long as you get in at the so-called preceived bottom and never be a "FOMO" with these penny stocks...Funny you mention TCF (Trillion)...Only difference here is their play was Turkey...and here with MCF its in EU..and their play was a CON from the start, if you look back at everything that transpired in last 2

[BebeRebozo]

Thanks for posting.  I don't know much about TCF and I don't really care.  I followed and lost money on another elephant hunter, RECO, and it now is wallowing away just like MCF, waiting to get drilling on new targets. I am intrigued by this one because it appears that they are drilling where oil and gas have already been found.  I am trying to understand why Mobil hit big