MCF Energy Ltd (MCF) News

2 cents (Canadian)

MCFNF is a start up drilling natural gas in Europe. Europe was drunk on cheap pipeline gas from Russia. The Ukraine war has ended that. Because gas was so cheap it made no sense to develop the extensive gas fields under their soil. Now their energy prices have tripled and they are buying LNG. MCF plans to begin drilling at the end of this year. They are one of the first movers and are led by a very experienced team. Since natural gas is selling at multiples of US gas the margins should be high. The European Union has declared natural gas a renewable (green) resource so any political hurdles have been eliminated. Beats burning coal which they are still doing. This stock is .20. It’s one to buy and forget for ten years.