MCWEF staging a solid lift.....Plenty of catalysts in their favor

 

Recent newsletter mention @ www.greenbackers.com

 

From: Greenbackers

Sent: Wednesday, May 13, 2015 10:56 AM

To: Undisclosed-Recipient:;

Subject: MCWEF staging a solid lift.....Plenty of catalysts in their favor

 

 

Focus:

 

We have been focusing on NBT Equities coverage stock MCWEF recently as a result of their shift to Production Mode....

 

Today the stock is seeing stair stepping in price and volume

Day's Range:	0.56 - 0.63
52wk Range:	0.37 - 1.52
Volume:	119,822
Avg Vol (3m):	31,823
Market Cap:	31.56

 

 

MCW Energy Group Announces Closing of Definitive Agreement to Sell Certain Assets of MCW FuelsMarketwired(Thu, Apr 23)

MCW Energy Group Rolls Into Production Mode at Its Utah Oil Sands Extraction Plant; Shows Technology's Efficiencies to Group of Merchant Bankers & InvestorsMarketwired(Thu, Apr 23)

 

 

Increasingly convinced a higher low is/has been established in the mid .50s

 

Take into account besides the technicals, there are three major catalysts working in their favor:

 

1) First and foremost, Production has commenced and is now 24/7

2) Their extraction technology is actually producing oil at under 30bucks a barrel.  Among/if not the lowest in the oil shale extraction sector.

3) Major Funding is imminent with several investor sources, given the technology has now proven its self.

 

 

Bottom Line:   We think this turnaround is likely to accelerate.   Expect another runup to a buck this spring as the channeling pattern has been consistent with even more forces in their favor

 

 

 

 

 

Recall yesterdays comments:

 

 

Re-examining MCWEF with the new info plus how consistent the technicals have been with this one in 2015/constants jumps back to .80-a buck.....

 

 

The news itself sets the stage for a rapid acceleration in Revenue Growth to keep in mind......What's new in NBT's update is they are likely on the verge of landing some major investment capital....Recall earlier reports from NBT that detailed what to expect from being able to produce oil at 28bucks per barrel/less then half the cost of what the majors are producing shale oil at....

 

 

Anticipating the stock to build a higher low in 50s inter-month as keeps tapping .60 in the last wk....

$0.5719 +0.0019 | 0.33%

 

 

 

 

MCWEF Operations Now LIVE...

By Tobin Smith | May 11, 2015, 2:17pm GMT 21 hours ago

MCW Energy (MCWEF) Rolls Into Production Mode at Its Utah Oil Sands Extraction Plant

 

-MCW Energy Group Limited, ("MCW"), (TSX VENTURE: MCW) (MCWEF), a Canadian holding company involved in the creation of oil sands extraction technologies, through MCW Oil Sands Recovery, LLC, ("MCW Oil Sands") announced further progress at its initial extraction plant lease site located in the Asphalt Ridge region near Vernal, Utah.

On Friday, April 17th, MCW hosted a successful plant production run for a group of merchant bankers and prospective investors, highlighting the features of the proprietary, closed-loop system, which extracts over 99% of all hydrocarbons, while using no water, generates no greenhouse gases and requires no high temperatures or pressures.

Key point: The only two elements leaving the system are the cleaned sands and the oil itself. Over 99% of the benign solvents are recovered and recycled back into the system.

The Company is currently selling its production into the regional Utah oil distribution system.

MCW has now commenced single shift daily operations at the 250 bbl/day facility and expects to ramp up to 24.7 production mode as soon as possible. "Energy experts and investors are now recognizing the attributes of MCW's game-changing extraction technology," stated CEO Dr. Jerry Bailey. "We've now proven our cost-effective technology and at the same time, we've delivered on our promise to work within Utah's 'Responsible Resource Development Program,'" he added. MCW's technology has met or exceeded all of the state's environmental regulations, and is working closely with Utah's Energy Development Department. Originally demonstrated and proven to a large group of industry people, state authorities and investors in October, 2014, MCW has since upgraded the system's efficiencies and has installed several state-of-the-art utility systems, as well as the completion of a winterization program which will allow for year round operation.

MCW is now moving into Phase Two of an expanded production capacity and is planning the design and fabrication of a 5,000 bbl/day extraction plant on its lease site. Funding negotiations are currently being held with several key merchant banks and major investor groups. The Company is also involved in several joint venture opportunities with several offshore companies seeking environmentally-friendly oil sands extraction technologies. Last month, MCW surprised the industry with its under $30.00 bbl production cost estimates, probably the best production costs in the unconventional oil industry.

http://finance.yahoo.com/news/mcw-energy-group-rolls-production-133000062.html

 

Here is our Initial Report on MCWEF and our exclusive video.

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