re: Ann: Sale of Molopo's assets in Saska...
means nothing James. They are losing money, have a 30 million law suit over their heads and have little future upside while a moratorium on shale exploration is on in Quebec, and this doesn't look likely to be lifted any time soon. Remaining hope is they get bought out for their cash and their 25000 acres in the not so good part of the Permian basin.Or they do a joint venture in developing that acreage. A major shareholder just sold 5 million shares @20 cents on news of the Canadian sale. All reason to feel less and less comfortable being a shareholder.
MPO Price at posting:
18.0¢ Sentiment: None Disclosure: Held
