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Magnolia Pet Share Chat (MAGP)



Share Price: 0.16Bid: 0.15Ask: 0.17Change: -0.01 (-5.88%)Faller - Magnolia Pet
Spread: 0.02Spread as %: 13.33%Open: 0.17High: 0.17Low: 0.16Yesterday’s Close: 0.17


Share Discussion for Magnolia Pet


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Robsky
Posts: 4,136
Off Topic
Opinion:Buy
Price:0.17
RE: Guidedog
Wed 19:17
Evening all good to see some of the crew popping in..... agree the article is not very positive however the article states that "all of these guys are trying to get their money out the ground and trying to produce as much as possible" which is clearly not the case, our wells are pretty much drilled (all spud) as far as we know but incomplete and unfracked, once a well is fracked production starts.

Continental have not fracked a well since 29th of May (Bertha Ellen) this could be because they have read the market better and are prepared to keep the oil and gas in the ground and wait for a better POO before completing wells or for some other reason that we don't yet know, the drilling can take place and fracking can be delayed to suit market prices.

The BOD of MAGP have already demonstrated that cost cutting and oil production in a lower price environment is the way to go and Continental have also been striving to get to lower costs for development and are listed in the following report as one of the winners to this end, we are in good company these wells will come in when the time is right, meanwhile we are cash generative according to SOS.

AGM Statement http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MAGP&ArticleCode=ixo135j8&ArticleHeadline=AGM_Statement

Oil industry drives down global cost curve; US tight oil is the biggest winner

The Wood Mackenzie Report estimates that oil companies could make money in west Texas' Bone Spring and Wolfcamp tight oil plays with $37/bbl oil, the Eagle Ford Shale in south Texas could turn a profit at $48/bbl, the average breakeven price in North Dakota’s Bakken Shale is $58/bbl, while breakeven at Oklahoma’s SCOOP region is $35/bbl.

The report says the big winners will be incumbent operators in the key shale oil patches in the lower 48 U.S. states, such as in the Mid-Continent and Permian Basin, including U.S. independents such as EOG Resources (EOG -1.7%), Pioneer Natural Resources (PXD -2.1%), Continental Resources (CLR -2.1%) and Apache (APA -1.9%), as well as oil giants Exxon Mobil (XOM -0.5%) and Chevron (CVX -0.2%).

http://www.woodmac.com/media-centre/12532692

IMHO DYOR
 
daggers1
Posts: 559
Off Topic
Opinion:No Opinion
Price:0.17
Guidedog
Wed 13:26
Not a particularly encouraging article. But as we know it cam all change in flash. Where are these wells.....
Guidedog7
Posts: 641
Off Topic
Opinion:No Opinion
Price:0.17
Oil prices fall to 3-month lows
Wed 07:09
Guidedog7
Posts: 641
Off Topic
Opinion:No Opinion
Price:0.17
Weaker dollar lifts oil prices
Tue 07:19
Elin
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.17
RE: Still here
Mon 22:48
Still here lurking in engine room rag in hand waiting for orders to open throttle a notch.
Trytime
Posts: 262
Off Topic
Opinion:No Opinion
Price:0.17
RE: Still here
Mon 20:48
Still here and going nowhere !!
jr71
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.185
Ask on isdx
Mon 17:11
At .21

If I'm signed out of Lse it shows mid at .185

Glitch or news in the morning?

Good to see some familiar names still around.....
bergspyder
Posts: 37
Off Topic
Opinion:No Opinion
Price:0.17
RE: Still here
Mon 15:25
Still here lurking amongst the bilge, having recently bought another 250k for the grandkids.
Robsky
Posts: 4,136
Observation
Opinion:Buy
Price:0.17
View Thread (2)
RE: Still here
Mon 12:38
Hmm good to see you guys are still here... I wonder who else is lurking in the shadows
POSmanPAT
Posts: 60
Off Topic
Opinion:No Opinion
Price:0.17
Checkout....
Mon 11:46
POL
It's been creeping up nicely. The five year chart looks tasty!

Suggest you catch it now, not when it's 20p.




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