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Magnolia Pet Share Chat (MAGP)



Share Price: 1.46Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.00Spread as %: 0.00%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 1.46


Share Discussion for Magnolia Pet (MAGP)


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Robsky
Posts: 2,996
Off Topic
Opinion:No Opinion
Price:1.03
Presentation from 2012
12 Aug '14
Published on May 30, 2012

29.5.12

Mudpump

Here is a presentation from 2012 from 74 wells then to interests in 239 today to include 170 producing wells as of the last RNS.

Mississipi lime valuations on the last CPR turned out to be less than originally expected and resulted in a downgrade of the lime due to the formation consisting of pockets rather than a continuous reservoir however we have shown from some of our research that some of these wells are capable of 1,000+BOED. (wells as previously posted).

Also the Woodford formation which is underlying the Mississippi lime on most of our acreage has never been taken into account on previous CPR's and has yet to be incorporated in the land valuations which should compensate for the downgrade( according to SOS).

Until the revised CPR is released the company appears to be pushing on acquiring leases and producing oil from 170 wells with some interesting infill wells in the Bakken with Kodiak(whiting) and Devon Energy in Oklahoma.

The SP does not appear to correlate to the current position however every day that passes $$ are produced for re-investment.

Shorting: most if not all long termers in MAGP have high sell orders on Magnolia stock to prevent it from being loaned out by brokers for shorting purposes and used against us.

Hope this helps with your decision, it certainly helps to backtrack sometimes to where it started Quote from SOS "no single well will make or break Magnolia Petroleum"

All IMHO

Rita Whittington, COO of Magnolia Petroleum (LON:MAGP), tells Proactiveinvestors that the potential is "absolutely amazing" as the company works towards its target of drilling 100 wells by year end.

Rita explains the development of Magnolia in moving it towards full operator status and, while doing this as fast as possible, the company wants to retain its strategy of avoiding risk.

http://www.youtube.com/watch?v=r7hY3OSchrA
 
BROOKIE2441
Posts: 87
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Auctions
12 Aug '14
Yes
oilmagnet477
Posts: 3,200
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
RE: Oilmagnet477
12 Aug '14
Who mentioned shorting (if by that you mean borrowing shares to sell and buy back cheaper?)

I just assumed you were after a lower entry price - that isn't shorting in my book.

If I'm wrong about your agenda then I apologise.
Aim_Oilman2
Posts: 312
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Auctions
12 Aug '14
Is that our assets are up for auction?
BROOKIE2441
Posts: 87
Observation
Opinion:No Opinion
Price:1.03
View Thread (4)
Auctions
12 Aug '14
It would seem that the Jay Field Unit and the Goldsmith Unit are up for auction on the 20-8-2014
neat
Posts: 3,335
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
Need some help investing
12 Aug '14
Any chance all you guys could sell for the next 3 weeks so i can load up.

Any help appreciated ;)

Thanks in advance
MudPump
Posts: 9
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
RE: Oilmagnet477
12 Aug '14
I started posting on 6aug because that's when I started looking at the company. The stk price is down by over 50% since the start of the year. What I want to work out is whether it was over-valued then, and now is correctly valued, or whether it is now under-valued and therefore worth an investment. I saw Bakoven & Robsky seem to have done a lot of work on the leases and therefore I assume they are familiar with the company so I hoped their input would save me some time & effort to figure out the answer - my comments are directed at them primarily, feel free to ignore them if you are happy with your investment. As regarding shorting, I don't know how you can short a stock that doesn't have an institutional holding that you can borrow, and I don't think a stock where the ceo owns 20% would make a good target in any case.
smidsy
Posts: 3,803
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
Oilmagnet477
12 Aug '14
I agree with your comments to mudpump.
His history shows he/she first registered on LSE on 6th. August and he has only posted to MAGP since then.
Maybe mudpump would like to tell us a little of his experiences with small oilies or indeed any of his investments.
Poacher886
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:1.03
RE: Mudpump
12 Aug '14
Lol, a quick look on ADVFN BB will explain all you need to know......there are quite a few who demand their 0.6 shorting target to be met.
oilmagnet477
Posts: 3,200
Off Topic
Opinion:No Opinion
Price:1.03
Mudpump
12 Aug '14
You suggest that you are looking in here, making an assessment as to whether to invest or not.

Can I suggest that you either do it quietly and either invest or move on to something else.

To continue your one sided demolition of this company would otherwise give the appearance of trying to bulldoze the price down to a lower entry point. The low number of posts for your ID is also suspect.

No offence intended but I have yet to see you post ANYTHING positive about this company which makes me wonder why you would even consider it as investment worthy.



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