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Magnolia Pet Share Chat (MAGP)

Share Price: 0.825Bid: 0.80Ask: 0.85Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.05Spread as %: 6.25%Open: 0.825High: 0.825Low: 0.825Yesterday’s Close: 0.825

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Posts: 63
Off Topic
Opinion:No Opinion
jr71 Robsky
Today 07:50
Hi Guys Thanks for you note :)

Here is some more bed time reading as there is no other information available.

Petrol pump prices are on the up down here in sunny Essex so something must happen soon with this :)
UP or Down that is the big question.

We do not want to go the way of NEW that's for sure :( hopefully they will be allowed to trade soon. )
Posts: 63
Off Topic
Opinion:No Opinion
Oil prices edge up
Today 07:42
Oil prices edge up after two days of steep falls

By Reuters | Thu, 28th May 2015 - 02:26
By Henning Gloystein

SINGAPORE (Reuters) - Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure.

The gains followed two days of steep falls as a resurgent dollar weighed on the market amid concerns that U.S. crude supplies may have started rising again after three weeks of draws.

Industry group American Petroleum Institute (API) said after the market's settlement that U.S. crude inventories rose by 1.3 million barrels last week, following three weeks of straight withdrawals.

The U.S. dollar index <.DXY> ticked lower, but remained near one-month highs.

Front-month Brent futures climbed half a dollar to $62.56 (41 pounds) a barrel by 0202 GMT (3:02 a.m.) on Thursday. U.S. crude futures were up 31 cents from their last settlement at $57.82 per barrel.

Brent's premium over U.S. prices has come off over 45 percent since mid-April, with record OPEC production weighing on Brent.

The American benchmark, meanwhile, received some support from the peak demand summer driving season, almost a month of steady stock draws that only came to an end this week, and raging Canadian wildfires that forced the evacuation of several oil and gas sands production sites.

Technical market indicators implied that the spread could narrow further as U.S. oil could rebound into a range of $58.14-$58.41 per barrel while Brent was expected to drop to $61.50 per barrel, according to Reuters' technical analyst Wang Tao.
Posts: 63
Off Topic
Opinion:No Opinion
Oil down about 3 percent again
Today 07:40
Oil down about 3 percent again on dollar, awaits supply data
By Reuters | Wed, 27th May 2015 - 21:22

By Barani Krishnan

NEW YORK (Reuters) - Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market amid concerns that U.S. crude supplies may have started rising again after three weeks of draws.

Industry group American Petroleum Institute (API) said after the market's settlement that U.S. crude inventories rose by 1.3 million barrels last week. [EIA/S]

A Reuters poll of nine analysts estimated a crude stock drawdown of 900,000 barrels on average, which would mark a fourth consecutive week in inventory declines. Data from the U.S. Energy Information Administration (EIA) on Friday will show how accurate those estimates are.

Gasoline and heating oil prices fell more than 2 percent, extending the slide across the fuels complex, on bets that U.S. refineries will be operating at full swing with the end of maintenance season.

The dollar soared against major currencies on speculation about the first U.S. interest rate hike in years. A stronger greenback makes dollar-denominated commodities, including oil, less affordable in other currencies. [FRX/]

Other factors held little sway, including France's warning to Iran that it was ready to block a final deal on Tehran's nuclear programme unless Iran provided full access to inspectors. Iran needs the nuclear deal to unlock sanctions on its crude exports.

Brent crude settled down $1.66, or 2.6 percent, at $62.06 a barrel.

U.S. crude settled at $57.71, down 52 cents, or 1 percent.

Both extended losses in post-settlement trade after the API data.

Brent's premium to U.S. crude fell to $4.49, its lowest since mid-April, before widening out to around $4.70 in late trading.

Even before the API data, some traders and analysts had bet crude stocks may have risen last week despite heavier gasoline consumption in the run-up to Monday's Memorial Day holiday, which unofficially kicks off the peak U.S. summer driving season.

Jim Ritterbusch of market advisory Ritterbusch & Associates in Chicago says he expects the EIA to announce a crude build of nearly 2 million barrels and a gasoline draw of 800,000 barrels last week.

He expects the dollar to continue leading oil near-term.

"We are still viewing dollar gains as a requisite for additional price slippage toward our $49 and $54 targets per WTI and Brent respectively," he said.

John Kilduff of New York hedge fund Again Capital expects the EIA to cite a 500,000-barrel crude build and 2 million-barrel gasoline draw. Citi Futures expects a crude draw of 2.5 million and gasoline build of 1 million. [EIA/S]
Posts: 47
Off Topic
Opinion:No Opinion
End of the month
Today 07:31
Last day of the reporting month tomorrow. No news since the 8th April. We could really do with something please.
Posts: 1,412
Off Topic
Opinion:No Opinion
Wed 20:07
Drop today on nothing..must be news in the Morning i reckon..
Posts: 3,542
Off Topic
Opinion:No Opinion
Wed 10:55
Morning all,
rizzy she must have a lot to report.. lol..

Back from a weekend away ...... I Echo jr's post guidedog thanks for keeping us up to date with the oil price ...........jr it looks like the Montana land just got a bit cheaper circa $435 per acre as opposed to $578 paid by Magnolia in 2012 / 2013 .....

Completions are checked on a regular basis with expectations of the Buckner wells coming on but nothing to report as yet.

The Devon energy Edwards 30 well which was last reported as waiting on IP from the Woodford suffered a casing collapse on completion at 8333 feet, no biggie at a 1.25%NRI the other wells 29 and 31 are good for circa 200-300 boepd.....
Posts: 17
Off Topic
Opinion:No Opinion
Wait contin.....
Wed 08:58
Still no sign of the RNS....Gordon Bennet...
Posts: 673
Off Topic
Opinion:No Opinion
Wed 08:21
Posts: 63
Off Topic
Opinion:No Opinion
Oil recovers from drop
Wed 07:07
Oil recovers from drop of over 2 percent, U.S. crude stocks in focus
By Reuters | Wed, 27th May 2015 - 02:34

By Florence Tan

SINGAPORE (Reuters) - Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week.

Prices were also supported by comments from western diplomats that a nuclear deal with Iran was unlikely by a June 30 deadline and that the oil producer would not get sanctions relief before the end of the year in the best of cases.

July Brent crude had risen 14 cents to $63.86 (42 pounds) a barrel by 0228 GMT (3:28 a.m.), while U.S. crude was up 29 cents at $58.32 a barrel. Both contracts fell more than 2 percent on Tuesday after a stronger greenback curbed buying interest in dollar-denominated commodities such as oil.

U.S. commercial crude inventories likely decreased by 2 million barrels last week, a preliminary Reuters survey showed. Declining U.S. stockpiles of crude and oil products in past weeks indicate robust demand in the world's largest oil consumer, supporting prices.

Investors have also started taking profits on Brent as hedge funds and money managers cut their bets on rising prices for a second straight week.

"Further unwinding of these positions would remove a key pillar of support to prices," analysts at BMI Research said in a note.

"This trajectory reinforces our view of downside still to be priced in the oil price in the second half of 2015," BMI said, adding that they expected Brent to average $59 a barrel this year.

Investors remained wary of ample supply as top OPEC producers Saudi Arabia and Iraq kept exports near record levels. The Organisation of Petroleum Exporting Countries is expected to keep production steady at its meeting on June 5.

"I am not so bullish on fundamentals," said a bank trader who declined to be named due to company policy. "Brent could possibly go down to $60 on profit-taking."

The American Petroleum Institute will release its data on Wednesday at 4:30 p.m. ET (2030 GMT), delayed by one day because of the U.S. Memorial Day holiday on Monday, while the Energy Information Administration will publish its data on Thursday at 11:00 a.m ET (4:00 p.m.).
Posts: 63
Off Topic
Opinion:No Opinion
Oil prices hold strong
Mon 17:18
Oil prices hold strong despite uncertainties over US stockpiles

so is this the week we sail back to 1p after results ???????

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