MAE marion energy limited

thered be days like this, page-26

  1. 1,451 Posts.
    Couldn't help myself had to post again. I'm out of this for good now 100% never buying back in. MAE just does not have the reserves and their cost of production is way to high to be an attractive asset. IMHO you'll be lucky to get a sale other than a firesale now more chance of a selling of assets, JV or MAE trying to hunt more money to develop CC. Helper is worthless as is oklahoma and CC only has about 130BCF or 1,2 and 3 P contingent resource means diddy squat and nobody will pay much if anything for em. US domestiv gas prices suck and are not not looking to rise that much, world LNG prices almost double domestic LNG price. People say US drilling rigs dropping and production in decline check out weekly storage report out of US current levels over 500BCF above the 5 year average they are running out of storage space for gas and their gas consumption has been smashed as their industry has fallen over and is unlikely to recover given they are all bankrupt. Share markets overpriced MAE to drop more perhapes some opportunity to make some coin but $1 sale is a fairytail try 30 cents if your lucky

    Hope I'm wrong but this loks terible atm
 
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