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Magnolia Pet Share Chat (MAGP)



Share Price: 0.785Bid: 0.77Ask: 0.80Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.03Spread as %: 3.90%Open: 0.82High: 0.82Low: 0.785Yesterday’s Close: 0.785


Share Discussion for Magnolia Pet (MAGP)


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dkw26
Posts: 47
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.79
What makes you stay in this??
Today 18:52
As someone who has been here for a while and seen the heady days of 5p come and go, it's a fair question.

1. You pay your money and you take your choice. I happen to like the business model and the BoD but recognise AIM can appear to be about sentiment not logic; I have the scars to prove it.

2. With thanks to Liz Hurley.. "I never make the same mistake twice; I always do it four or five times to make really sure!"
Perhaps MAGP will go stellar one day or perhaps it will crash and burn but buying-in is all voluntary. At this price, I am buying but I understand if others think that is a dopey thing to do. Time will tell. It is not my intent to persuade anyone to part with their hard-earned cash and they can rest assured I will not be unduly influenced by the more colourful posts on a bulletin board.
 
MrEnglish
Posts: 719
Observation
Opinion:No Opinion
Price:0.79
View Thread (3)
RE: MR English
Today 10:39
OK, so you say the price is going to bounce between 0.5p and 1.5p; I'd be interested to hear how you 'calculate' that figure?

--------
You need to consider the long term value of the company, what gives the company its value?

Lets take RS1 as an example as its been in the RNS this week. The total cost of RS1 looks to be circa $800k, but this has an estimated life time return of 56500 boe (value about $4m) - a 4:1 return and I don't think that many here will regard RS1 as a particularly good well. But that's only the start of the story, by drilling that well you hold that area of land by production, meaning that at some point you (or more likely somebody else) can return and drill up the in-fill wells that are possible on that land, plus you gain information about the bit of land next door. So RS1's value is actually the tangible oil it produces plus the associated assets. Now RS1 is one small site, repeat this pattern over 7000 acres and the value starts to add up.

Will MAGP go bust? That comes down to a question of management and risk, basically by taking the multiple well low risk approach the question of going bust remains within the control of the BOD, they will not get beaten even if the market goes against them. Plus SOS is almost unique in that he's basically work for free (OK, so no doubt there are family members etc. employed, but you have to employ somebody, so best those you trust). Rita, this girl knows her stuff.

Look at the recent sale of the Texas assets, read that RNS again, it shows the true value of proven on shore US assets.

I could go on, but the information is all there is the 2 year+ of RNS, you just need to understand that firstly you need to know where to drill your wells and that information come from having an interest in a large number of well and second oil wells produce for 30 years so this is a long term game. If you want to throw the dice on a couple of big quick wells, then this is not the place.
Blingybird
Posts: 3
Off Topic
Opinion:No Opinion
Price:0.79
Magp
Today 01:02
Oilmag

Very well put. Bring on 2015 lots of positives posts 1 or 2 negatives bod I trust in
bakoven
Posts: 3,604
Off Topic
Opinion:No Opinion
Price:0.79
note
Fri 20:51
Would be interesting to see how many stakeholders are game for further stock-building in the days ahead.

By proceeding with two verticals in the next 6 months -- in the face of a collapsing oil price -- the signals from management look strong. They would seem to be in credit to the tune of $2+m, let alone the ~$6m credit facility. So no point in coming to a dead halt if "mid-tier" status remains the objective.

I note plasma technology is on track to one day supersede frack jobs . . . California first and then steadily moving east.
oilmagnet477
Posts: 3,345
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (3)
RE: MR English
Fri 20:04
Never mind Mr E's reasoning, I'll crawl out from under my stone to ask what planet you are on?

Your 7 posts indicate a significant lack of involvement here - how you perceive MAGP to be likely to go under is a mystery. I am not going to deny that the current oil price has frustrated the continued growth of this company but over the last 3 years this company have shown a shrewd investment strategy having accrued a significant amount of acreage at relatively low cost and have a strike rate most oil companies would give their right arm for.

We have shown a significant and steady growth of wells and yes the individual % of each is relatively minor but then so it the risk and debt. Unlike a lot of oily hopefuls MAGP are backed up by revenue to cover costs with a massive amount of currently untapped potential.

How we tap that potential is key but on the basis of past performance - my money is still on this BoD to succeed.

Perhaps in any future posts you could provide any reasoning or fact to back up your statements. If you can't then jog on to the next BB to deramp

Happy F Christmas
Drew57
Posts: 675
Answer
Opinion:No Opinion
Price:0.79
View Thread (2)
RE: Magp
Fri 16:54
Hi smids,

If iamhoping was still here he would have jumped in by now with his sense of humour.

Yes, we are good are "taking the p" - boom, boom.
boak
Posts: 2,532
Research
Opinion:No Opinion
Price:0.79
Bit more from todays's SA
Fri 16:30
Meanwhile, a number of shale oil producers are predicting banner years.

For example, Devon Energy (NYSE:DVN), expects to boost output by as much as 25 percent next year

EOG Resources (NYSE:EOG), projects "double-digit" growth next year.

Pioneer Natural Resources Co. (NYSE:PXD) plans to increase production by as much as 21 percent.

Despite chopping $600 million from its capex, Continental Resources (NYSE:CLR) intends to increase output by as much as 29 percent.
boak
Posts: 2,532
Observation
Opinion:Strong Buy
Price:0.79
Devon & CLR operators with MagP
Fri 16:24
Just found this article, both Devon and Continental Resources are operators for MagP there is a good mention about both of these companies and their involvement with shale. http://fuelfix.com/blog/2014/11/18/shale-drillers-keep-output-high-despite-oil-price-decline/
smidsy
Posts: 4,010
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (2)
Magp
Fri 15:32
Take away the 'p' and we have the short word for magnet.
We seem to be attracting a few of them lately.
OXSfiend
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (3)
MR English
Fri 14:12
hi - watched you for a long time and you talk a lot of sense generally. For me, this is going to hover 0.5 - 1.5p ad nauseum until it's bought out (likely but not for 4-5 years IMO) or goes under (unlikely but won't rule it out) - what makes you stay in this when it's so likely a) it'll go down further (absolute certainty in my book) and b) it will be at LEAST 1-2 years before MAGP is subsumed by bigger company.

Genuinely would like your reasoning.





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