Focus:
We said to watch for carryover with MCWEF....The follow through has been fairly solid so far....Examine for new footing in lower .60s
MCW Energy Group Limited (MCWEF)
-Other OTC0.65 
0.04(6.56%) 11:56AM EST
0.04(6.56%) 11:56AM EST| Day's Range: | 0.6050 - 0.6810 |
|---|---|
| 52wk Range: | 0.44 - 1.52 |
| Volume: | 59,512 |
| Avg Vol (3m): | 39,664 |
| Market Cap: | 29.89M |
| MCW Energy Group Details Further Progress of Its Initial Oil Sands Extraction Plant in Utah at Marketwired Mon 9:30am | ||
- CBS Money Watch Article Lauds MCW Energy Group's Breakthrough Oil Sands Extraction Technology & MCW Announces Participation in LD Micro Conference, Los Angeles, December 2nd - 4th, 2014Marketwired(Tue, Nov 25)
- 'MCW Energy Group's Projected Oil Sands Extraction Production Costs Compare Favourably to Alberta Oil Sands' Average,' According to Bloomberg's Business Week ArticleMarketwired(Thu, Nov 20)
- Breakthrough Technology in Utah to Make Oil Sands CleanAccesswire(Thu, Nov 20)
- Sky Is The Limit For New Utah Oil Sands TechAccesswire(Wed, Oct 22)
- MCW Energy Group's Initial Oil Sands Extraction Plant Now Poised for Production; Chairman Announces Phase #2 Expansion Plan Including 5,000 Barrel/Day (Est.) Plant in Ashpalt Ridge, UtahMarketwired(Thu, Oct 9)
- MCW Energy Group Successfully Demonstrates Its Proprietary Oil Sands Extraction Technology in Vernal, Utah, Moves Forward With Required Procedures Prior to ProductionMarketwired(Tue, Oct 7)
- MCW Energy Group Announces Shares for Debt TransactionsMarketwired(Fri, Oct 3)
In the last month the stock has taken a free fall from 1.20....For no real reason we can locate, especially if you examine all the news above (we included everything listed from Yahoo)....Makes a case for oversold intermediate term...
Besides the recent news, recall coverage on the stock back early Oct....Recall the stock had reversed sharply from .70 or so back to 1.20 in Sept...
From: Greenbackers
Sent: Wednesday, October 1, 2014 7:15 AM
From what we're hearing, this is going to be pretty major for MCWEF and the industry in general....
First, the announcement last week that started the sturring:
Recently, Tobin also included the comments below on MCWEF
Sent: Monday, September 29, 2014 4:14 PM
MCWEF ribbon cutting ceremony 1pm Wednesday PST…the first EPA certified oil sands processing plant in the united states…
The 250 barrel a day plant will have worldwide media coverage…and my capital markets team says they have multiple offers to finance a $100 million expansion to 10,000 barrels a day production…with structured finance deal by year end latest…NO dilution for existing shareholders!
Time to get into the stock is now around a buck…we have $2.50 price target for 2016 for 5000 barrel a day plant…$5 for 10,000 barrel a day plant at $50 net per barrel…
http://www.nbtequitiesresearch.com/report/mcwef-initial-coverage
Additional news lending itself to confidence in mgmt/MCWEF stock:
- MCW Energy Group Grants Incentive Stock OptionsMarketwired(Mon, Aug 18)
Disclosure: Greenbackers does receive compensation from time to time from NBT Equities to assist in spreading awareness on emerging growth stock situations.
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