All aboard the ship is slipping out the harbour sshhh
Always nice to see some new faces
Hi Robsky, Thanks for the info on the sh price drop. I haven't read through much yet, just in the process of gathering info. This Co fell on my radar a while back, I read something about the Co's bus model that must have compelled me to add it to my to do list with the note of: "MAGP - bus model potential?" Did a quick read of article/NR months ago and saw it was producing too. Have come to it now on my to do list. While in the process of gathering information to read re the company, geopolitical context and competitors and keeping an eye out for a glaring reason not to invest, if I find one then the research stops and I move on. Also trying to answer the question of whether Mr Market has decided to present the shares as cheap at this time. Risk/reward and all that. Thanks again for the info provided, and to all others as well. Whether I do invest or not I'll share any new info/insights discovered for others.
Ok thanks and Robsky for info appreciated.
RE: New poster here.
Hi Noted to ask about. Thanks gorgeousgeorge.
Hi Louste you are welcome, We have had some good buying pressure since the 17th, we are at this level primarily due to the Mississippi downgrade which has been overdone in my and other holders opinions, this has been supported by my well completion reports from both Devon and other operators in the same area, which bodes well for the 10 Devon wells in which we are participating in Logan Co at a 4.1% NRI. We have interests in a total of 227 wells in the Bakken North Dakota and Oklahoma, 155 producing and the others at various stages of development, revenues from these wells after expenses are recycled into new participations with leading operators such as Devon Energy, Statoil, Kodiak( Whiting O&G), Chesapeake, Marathon, Continental and other high profile outfits. Magnolia petroleum seek out the smaller owners of lease positions in potential larger plays to enable us to participate in well proposals, funding comes from recycled revenues and asset based loans, the BOD have stated that future placings and therefore dilution are highly unlikely.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.