Hi GSL. My post said "Sentiment:None". No I was not recommending that anybody put their money in Mae as a gas producer (but Im not recommending that they shouldnt either if they feel that they are able to quantify the risk to their own satisfaction and achieve the appropriate reward to risk ratio). The first thing a potential investor in any investment available for consideration should do is look at the prognosis for the industry or product- I say natural gas in the U.S.has an excellent medium and long term future and,IMO, its near-term future(price) is likely to get better sooner than some think. Pattos report of about 4/07 states that C.Cs cash cost of getting the CC gas out of the ground was/is$2.50,or thereabouts. Who knows what it was/is but at prices 20% higher than recent ones it wont take much production to keep a lender happy ,for a while at least,provided the lender doesnt require repayment of his debt. I say that the balance of probability is that if Mae can get through the next few months then investment at current S.P. levels could or should provide an acceptable reward.You pays your money ... there are no guarantess .... there are no certainties... risk/reward;risk/reward;risk/reward; etc.etc.etc
MAE Price at posting:
22.5¢ Sentiment: None Disclosure: Held
