MCWEF nearly doubled to .80 a couple wks ago...building a solid base around .55
worth a look as producing oil at 28bucksa barrel...hell of a lot cheaper then the majors
Also saw a recent breakout on the headline below..
MCWEF MCW Energy Group Announces Closing of Definitive Agreement to Sell Certain Assets of MCW Fuels at Marketwired Thu 2:45pm
In late April they announced starting production on well in Utah which contributed to recent pop...
NBT shared some highly detailed stories on what’s at stake with this one earlier in the year...The stock took off following as well..... MCW Energy Group (MCWEF) Projects Windfall Reduction in Oil Sands Costs to $28 per Barrel Key Point: At @$28 CAPEX/OPEX cost per barrel of light sweet crude oil (@32 API) for MCWEF vs. $40-$60 per barrel processing costs for much of the Canadian oil sands heavy crude production (which also sells at 20-30% discount to WTI crude oil due to higher transportation and processing costs) and/or recently developed shale oil resources, we estimate MCW’s Utah per barrel oil production is more profitable than 95% of shale oil being produced and virtually 100% of existing oil sands production. read more: http://bit.ly/1H95KiU
History of runups to a buck or so often in last 6months