What do you think of MCWEF MCW Energy Group Limited?
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I’ve been watching them. The technology is impressive. I bought some shares and they’ve doubled. It’s a microcap so it’s somewhat risky but I like their prospects. I recommend reading a couple of recent articles.
Re: MCWEF
Good Morning there Mr. Roth
I’d read your comment on this company and thought I would give you this quick note and see what your opinion is moving forward into this upcoming 2016 year.
I have been purchasing shares since October when they had their sucessful trial run. I have talked to the company three times and they claim they will be able to produce oil at $28 per barrel from the Utah tar sand with no environmental issues. They are in the process of permits and upgrades to trial unit to put the 250 barrel a day unit into full production in the next month. They are also talking about financing for a 5,000 barrel a day unit.
The takes oil sand and remove 99.9% of the oil leaving clean sand that can be returned or sold. They are also talking to companies in other countries about licensing/royalty agreements. I have not been this excited about a stock in 10 years. Look at their web site.
Hear is the rub with any start up small cap. How many times will they dilute the shares to gain the financing needed to fund their projects? You can almost take it to the bank that will happen, and then your shares get cut in half overnight. Your best hope is someone buys them about the time things get rolling to make some serious money. the progress is slow from EPA regulations, along with a serious cash drain. It’s being pumped right now, and the company is probably behind the scenes to do just that as they flood the market with shares on the high sell side.