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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Magnolia Pet Share Chat (MAGP)



Share Price: 0.105Bid: 0.10Ask: 0.11Change: -0.01 (-8.70%)Faller - Magnolia Pet
Spread: 0.01Spread as %: 10.00%Open: 0.115High: 0.115Low: 0.10Yesterday’s Close: 0.115


Share Discussion for Magnolia Pet


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MisterT2
Posts: 13
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.105
View Thread (2)
streetwise
Today 20:08
Bakoven, thank you for posting that useful link. When taking my first look at MAGP, a few years ago now, I very much saw Rita as being in the driving seat. Over time SOS has seemly increased his presence by taking a more prominent role, in my view, with Rita becoming rather less visible. From a distance I was forming the opinion that although there appeared to be common understanding on strategy SOS and Rita’s views were increasingly at odds, and SOS was becoming mostly resistant to Rita’s initiatives.

Certainly, I think this is particularly true in respect of the minuscule participations, as you put it, that have been a constant frustration to me as well, and I’m sure for many other shareholders.

Rita is already showing energy and determination to move things forward positively and at a pretty rapid pace; it’s as if the shackles have been removed at last. It’s early days but the signs as to the speed and direction of travel are encouraging to me, I like and approve of the steps taken so far, and although I should know better, I’m increasingly optimistic as to the shape of things to come.

What would be appreciated is a greater transparency of what is happening on the ground and results that are more meaningful, timely and posted more regularly.
 
bakoven
Posts: 3,995
Off Topic
Opinion:No Opinion
Price:0.105
streetwise
Today 19:02
The "regulars" will be more up to speed on anything I can offer.
For several months my sense of a change in emphasis on operations has grown.
The SOS imbroglio was jaw dropping. From the outset I could not see our Rita being ousted: we might as well have headed for the exits if it had become the case.
So where are we going?

https://oklahomaminerals.com/stack-scoop-news/

My view -- supported by Brookie's finds together with Bakken pruning -- is RFW is likely to concentrate on SCOOP and STACK. The focus will be restricted to Oklahoma. The two plays are outside the worrying earthquake-prone zone, and the Stack wells are producing lower percentage water cuts.

We might even be freed of the minuscule participations of the past 6 years. Yields from both formations are on a scale that encourage higher percentages with quick paybacks with WTI @ ~$50. The proviso, of course, is for CFO Duncan to ensure a ~$30 overhead.

The above link sums it up pretty well.
We need greater exposure in counties shown on the map.
MisterT2
Posts: 13
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.105
View Thread (2)
RE: News
Today 17:50
Rita seems to be earnestly preparing Maggie for the voyage of her life by ensuring she is seaworthy and in the strongest financial shape in order to take full advantage of the opportunities that the WED relationship is sure to deliver. With a following wind, there should be some exciting times ahead.

So, maybe I’m missing the point or reading it all wrong but the plan now unfolding would surely have been hatching for some time; the financial benefit of the "consultancy" trial was certainly lauded up at the time. Given the apparent growth potential here, it leaves me somewhat perplexed as to the sense, and rationale behind the action taken by SOS, his chosen running mate and its timing.
SHADOWW
Posts: 2,726
Off Topic
Opinion:No Opinion
Price:0.105
buyers coming back
Today 16:19
lotx of UKOG monies around.

sellers clearing out
smidsy
Posts: 5,342
Observation
Opinion:No Opinion
Price:0.11
RE: Secret Cash Payments
Today 13:53
Hi GD7, check out the history on the author of the article. It is rather interesting.
Robsky
Posts: 4,499
Off Topic
Opinion:Hold
Price:0.11
RE: A FEW MORE
Today 10:52
Morning it looks to me like she is liquidating a lot of assets, many of these wells had an operator change when Devon Energy sold them to whitestar and the taps were turned down during the low POO period this will have starved us from cashflow at a critical time. Same goes for the CLR sympson wells while potentially highly productive that investment has so far not produced any oil but the the investment in itself has and profit is profit.
smidsy
Posts: 5,342
Observation
Opinion:No Opinion
Price:0.11
Joke of the day
Today 09:12
The Transport Minister reckons he has the answer to the pollution problem he is going to remove all of the speed humps. ha ha Where do they get these guys?
smidsy
Posts: 5,342
Question
Opinion:No Opinion
Price:0.11
RE: 2040 and all that
Today 08:52
Whilst I am having my little rant think about this cos the Chancellor has not. where will he make up the lost revenue on the taxes imposed on fuel. How will he tax us for charging our cars whilst plugged into a socket at home?
smidsy
Posts: 5,342
Observation
Opinion:No Opinion
Price:0.11
2040 and all that
Today 08:42
What happens to the worlds oil markets, producers etc, etc.
Diesel and petrol vehicles banned.
No one using most of the oil products.

What about ships and planes. A plane the size of a jumbo jet just to carry the battery would be required. ha ha .
The worlds leaders are thumping their desks and saying after 2040 no more exhaust gases from vehicles. You couldn't make it up.
SHADOWW
Posts: 2,726
Off Topic
Opinion:No Opinion
Price:0.11
Free float
Today 08:41
30% free float and a turnaround in progress.

New 29% shareholder and a strategy to turn company around.

A few sells today and if it falls to 0.1-11p




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