Resource sector is a cyclical play. Even with an acquisition and continual buyback not much is going to happen with share price unless we get a healthy dividend or the sector takes a turn. I think the sector has hit bottom now and trading sideways for some positive sentiment. One thing for sure we will see a decline in the oil price as Trump opens up for more oil production this will help to reduce oil price and inflation and interest rates.
MGX Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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