OTC Stock News

[slverg]

MCWEF building at .61 on news/consistent running back to 1 rapidly
in the last qtr.

Debate another run with MCWEF to a buck like it late December following more bullish news as the stock is placing greater emphasis on producing oil @ 28 bucks a barrel (Nearly half of what the BP's of the industry are doing).
“One of the very few oil companies with ability to make money on low oil consumer costs.”
“Set to go commerical”
Has a history of jumping back at/above 1.00. Twice in last qtr 2014...Look for history to repeat in first half of 2015
BP
$38.74 -$0.14 -0.36%
MCWEF
$0.60 +$0.01 +2.05%


We profiled MCWEF in latter part of 2014...stock ran from .similar levels to nearly a buck following....Then we discussed producing oil at half the cost of the majors.

In addition, we see recent, bullish company press releases driving right back to those levels with a little investor patience.



First, the news this week that sparked flexing especially given they are about to go commerical with their initial extraction.


MCWEF MCW Energy Group Projects a Windfall Reduction in Its Oil Sands Processing Costs Down to $ 28.00 USD Barrel as a Result of Slumping World Oil Prices at Marketwired Tue 9:30am est


....Unlike the high production costs and lower energy efficiency levels associated with the mega oil sands projects in Alberta, MCW is in a unique position to take advantage of this unexpected 'silver lining' of lower petroleum product prices," stated MCW's CTO, Dr. Vladimir Podlipskiy.....

......."Not only have we reduced the costs of these components by 18%, we've also enhanced the automation of our proprietary extraction process, which effectively reduces our labour costs by 20%." .....MCW is currently preparing to commence production with its initial extraction plant in Asphalt Ridge, Utah this month.....









NBT Equities followed ucp with a reported that dove into the real specifics and what i



MCW Energy Group (MCWEF) Projects Windfall Reduction in Oil Sands Costs to $28 per Barrel
By Tobin Smith | January 27, 2015, 1:13pm GMT
MCW's oil sands processing costs have now been projected downwards to $ 28.00 USD per barrel, mainly due to lower costs of the petroleum products being used in the extraction process, such as solvent blends, diesel fuel, liquefied propane, heating oil and natural gas condensates.

All of these energy/processing component prices have fallen in tandem with the current dramatic fall in world oil prices. Condensate prices are down 50%. Solvent blend, diesel fuel and propane prices are down an average of 40%.

"Unlike the high production costs and lower energy efficiency levels associated with the mega oil sands projects in Alberta, MCW is in a unique position to take advantage of this unexpected ....

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.

Really Key Point: With their 5000 barrel a day production coming on line in 2016/2017…investors have to use 2016 WTI futures pricing (currently $62.72) to come up with cash flow forecasts. In addition, MCWEF’s 5000 barrel a day plant plan includes the purchase of the Temple Mountain oil sands lease as part of the plant development project.

We estimate.... Read more: http://www.nbtequitiesresearch.com/report/mcw-energy-group-mcwef-projects-windfall-reduction-in-oil-sands-costs-to-28-per-barrel







Earlier in the month was another, quite bullish article on them:



Is MCW Oil Sands The Lowest Cost Unconventional Oil Play In North America?Accesswire(Tue, Jan 6)

Source was Greenbackers