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Magnolia Pet Share Chat (MAGP)



Share Price: 1.20Bid: 1.15Ask: 1.25Change: -0.06 (-4.76%)Faller - Magnolia Pet
Spread: 0.10Spread as %: 8.70%Open: 1.26High: 1.26Low: 1.20Yesterday’s Close: 1.26


Share Discussion for Magnolia Pet (MAGP)


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bakoven
Posts: 3,550
Off Topic
Opinion:No Opinion
Price:1.05
itchy
22 Aug '14
discopablo - I haven't looked at a chart in ages. Where is Rich3r? Ichimoku shows breakout by some margin above the Kumo. There is also a strong trigger for 29 September, although interims around 10 September are likely to pre-empt the next surge.

Looking back on the day's posts it would seem that investors are finally beginning to understand the intricacies of the MAGP formula. There certainly are few obstacles to stop RFW reaching her £500m mid-tier objective.
 
Poacher886
Posts: 1,175
Off Topic
Opinion:No Opinion
Price:1.05
View Thread (3)
RE:to the fellow long termers
22 Aug '14
Well we were very stable around the 2.2p mark for a long while prior to the unfounded drop, that was with 212BOPD and most expected 250 on disclosure, all that still without a CPR for ALL of our acreage and of course poor sentiment from 2yrs of water torture.

So with todays news, i would expect at least a return to the 2.2p+ range, then if we add in in the incoming wells and can push towards 300BOPD, the market im sure will like that and push us on again...if we turn up with more acquisitions then who knows!

SO yea 2.4+ over the next 2 weeks sounds quite achievable to me.
discopablo
Posts: 1,622
Off Topic
Opinion:No Opinion
Price:1.05
to the fellow long termers
22 Aug '14
You know who you are lol!

I think the interims and soon to be released (surely!) Drill news over say the next two weeks will push us beyond 2.4 again. I know that's still cheap in the eyes of many including myself but do you think that's a possibility? Keen to hear from you.

Cheers
daggers1
Posts: 519
Off Topic
Opinion:No Opinion
Price:1.05
pleased
22 Aug '14
happy i got my isa filled and i finally went blue today after chasing the price down endlessly.

2 percent in profit. more to come, here till the end as always, good to see L1onheart and the return of chrisatron, many thanks to the regulars for their endless input and enthusiasm, and a particular thanks to Robsky for keeping it all alight in the darkest times.

any sign of Rich3r? does he still hold here? be good to know you are well fella, hoping today put a smile on if you are still holding.
Vegas99
Posts: 6,701
Observation
Opinion:Strong Buy
Price:1.05
Wow
22 Aug '14
Lots of new faces, het us back to 5p+ Rita..
Sham2010
Posts: 7
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.05
Interesting
22 Aug '14
Over the course of the last six months initial production rates were reported for 25
wells in proven US onshore formations such as the Bakken and Mississippi Lime. In
addition the Company elected to participate in a further 40 new wells alongside
leading operators including Statoil and Marathon Oil. In line with strategy, the level
of Magnolia’s interest in wells has also been steadily rising as illustrated by the Blaser
(9.375%) and Great White (7.5%), so that the average working interest in the
Company’s portfolio of 121 producing wells and 53 wells under development has
increased to approximately 3%, compared to 0.6% at the time of Magnolia’s IPO in
November 2011. As these new wells come into production, another major increase in
production and 2P reserves, which as at 1 August 2013 stood at 214 boepd and
US$47m respectively, can be expected.
Rita Whittington
Chief Operations Officer
MrEnglish
Posts: 679
Observation
Opinion:No Opinion
Price:1.05
Evening all
22 Aug '14
Well the herd arrived today.
Congratulation to those that were here last week (and the week before that). Massive volumes traded and none of them from me. Obviously I'd love to buy some more but frankly I've filled my boots with them for the past several months.

Next week, as Robsky hinted earlier big increases in production to report and the associated revenue that brings, see you all in the land of milk and honey...

Never doubted you Rita.
marve
Posts: 3,001
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.05
% of wells
22 Aug '14
Only thing what looks peculiar is there not much mention of % that magp own of all these wells

All 250 wells of which 171 are producing to be exact

Would seen like working out what could be fair value is not easy?
jndavid490
Posts: 591
Off Topic
Opinion:No Opinion
Price:1.05
m.m,s
22 Aug '14
Been busy here today,sit back and laught at them,this share has to rise,just give it time the tree shakers want cheap shares to sell for big profit, friend tipped this while ago,so I have just watched,bought in today
boak
Posts: 2,414
Off Topic
Opinion:No Opinion
Price:1.05
MagP shares soar.
22 Aug '14



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