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SP:Better buy more MPO.....you know they are only valued at over...

  1. 6,389 Posts.
    SP:

    Better buy more MPO.....you know they are only valued at over $2.00 per mscf for 2P reserves and with close to 800 million shares outstanding they are a REAL bargain...some people think that in a year the share price is going to over $3!!!

    And you know ARQ spent a whole bunch o bucks to get lots of that 1P stuff........guess the market is telling us that ARQ wasted its money and should have bought some of that pie in the sky CBM (CSG to Aussies) that needs massive cap investment before one cubic foot of gas is produced let alone sold into a saturated market......

    What with MPO now only being about half of ARQ's market cap and basically no revenue to speak of it must be a real, real bargain....

    PS:

    I hold no ARQ selling the last of it in the $1.60's..........

    Lot's of companies on the new buy list though!

 
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