Jennifer Stevenson
MGM Energy Corp.
MGX-T
BUY
May 15, 2007
If you are a gas bull, this is a nice play. These are the Mackenzie Delta assets that were spun out of Paramount (POU-T). No cash flow, but they are in an area where the Mackenzie pipeline will come to.
Owns assets in the Mackenzie Valley, Delta area, which he thinks are very long-term oriented. If Colville properties are proven up, it could get to market very quickly. This is where the value is. Probably at the bottom now.