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Magnolia Pet Share Chat (MAGP)



Share Price: 1.125Bid: 1.10Ask: 1.15Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.05Spread as %: 4.55%Open: 1.125High: 1.125Low: 1.10Yesterday’s Close: 1.125



Share Discussion for Magnolia Pet (MAGP)


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boak
Posts: 2,290
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (4)
RE: Simple Terms
3 Jun '14
Robsky you are right about Devon Energy (one of Magnolia's operatators). A good positive link here about them just out. Note upgraded to out perform hopefully this will feed through to MagP. http://www.wkrb13.com/markets/316725/devon-energy-corp-upgraded-to-outperform-at-wells-fargo-co-dvn/
 
bakoven
Posts: 3,405
Off Topic
Opinion:No Opinion
Price:1.25
correction
3 Jun '14
$1.7bn debt burden
Robsky
Posts: 2,835
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (4)
RE: Simple Terms
3 Jun '14
All for re-investment minus the usual expenses of course, and the new production from Parmley added on.

There are 12 Devon Energy participations on going with interest of 4.1% and one of 7.5% NRI so much money coming from Devon Energy, one very committed and respected company at the moment, who are doing all the right things.
bakoven
Posts: 3,405
Off Topic
Opinion:No Opinion
Price:1.25
summing up
3 Jun '14
A lot of activity continues in the US oil business.
http://www.bloomberg.com/news/2014-05-16/midstates-petroleum-said-to-explore-possible-sale-with-banks-1-.html
I have no idea if MAGP want to react to SP flatulence.
Offhand, it looks as though management is content to retain status quo and press on with good accounting practice. There is no quarrel with that policy. Who wants to see a $1.7m debt burden like MPO !
At least one source reckons Woodford reserves will more than compensate for the Missi Lime lead balloon insofar as MAGP is concerned.
NRIs continue to climb at a rate that comfortably corresponds with increasing revenue and the finance facility parcel.
My situation is different to others, so there is no point in imposing coactus sententiam.
There will be developments here.
I don't know when.
Aim_Oilman2
Posts: 256
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (4)
Simple Terms
3 Jun '14
To put that in simple terms we have more money to collect from operators than we earned in the previous year...
Aim_Oilman2
Posts: 256
Off Topic
Opinion:No Opinion
Price:1.25
correction
3 Jun '14
1.25M
Aim_Oilman2
Posts: 256
Off Topic
Opinion:No Opinion
Price:1.25
...
3 Jun '14
Upon collection we will have I think it was 1.4M just waiting for us
Aim_Oilman2
Posts: 256
Off Topic
Opinion:No Opinion
Price:1.25
Robsky
3 Jun '14
I think the knife has been out for a long time and the downgrade was the perfect reason to stick it it. I won't indulge in the posts about a certain someone, anyone who invests without doing the due diligence deserves to lose there shirt in my opinion.

One point that I stumbled across, was trades receivables (or monies for oil owed) had that been collected and the previous years taken off this years revenue it makes for a rather interesting number for revenue...maybe thats clever accounting but check it out for yourself...
discopablo
Posts: 1,508
Off Topic
Opinion:No Opinion
Price:1.25
robsky
3 Jun '14
Thanks for keeping it real and back on topic dude.
Robsky
Posts: 2,835
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (3)
RE: See you all in 2 months then
3 Jun '14
Morning all unfortunately new stuff is hard to find Oilm and get fed up recycling the same old stuff but things are slowly building in Montana Roosevelt County where MAGP has 1171 acres.

Oasis Petroleum North America LLC reported the completion of the Susie 4 2758 42-10B, which had an IPR of 1,212 BOPD, 744 MCFPD and 6,104 BWPD BAKKEN

Continental Resources Scotsman 1-30H recorded an IP of 511 BOPD, 316 MCFPD and 452 BWPD BAKKEN.

In Daniels County, where Magnolia has 5780 acreas ,Sagebrush Resources II, LLC was granted a re-issued permit for the Gunderson 1-8H, a Bakken Formation well.

http://www.fairfieldsuntimes.com/business/article_d542a72c-e5e4-11e3-b52d-001a4bcf887a.html

Don't think it will be 2 months there is more going on than we know about IMHO and the downgraded missi does not seem to be affecting Northcote and other operators to the same as much Lol.



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