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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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Stogmot
Posts: 12
Off Topic
Opinion:No Opinion
Price:1.25
volume
3 Jun '14
Such tini tiny volume today. what does this mean. Everyone who wants out is out ? but all who want in are waiting for lower,finger shaking, poised over the buy button ,i would like to wish !. I,m sure wiser and more seasoned players know whats going on ??
 
bakoven
Posts: 3,409
Off Topic
Opinion:No Opinion
Price:1.25
dixies
3 Jun '14
dixies
Posts: 88
Premium Chat Member
Observation
Opinion:Strong Buy
Price:1.25
16:22:09 Top Up
3 Jun '14
of 90,000 shares not shown .It makes you wonder who collates these figures !
Poacher886
Posts: 924
Off Topic
Opinion:No Opinion
Price:1.25
Mcap
3 Jun '14
NCT Mcap now matches ours!
bakoven
Posts: 3,409
Off Topic
Opinion:No Opinion
Price:1.25
then&now
3 Jun '14
Obligation to others
Must get back to work tomorrow but always sifting for new-old data. Things have moved on since October 2009. The purpose of inspecting dated information was to ascertain extent of Woodford interests and their location.

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=MAGP:PZ&sid=ahPbMSSHaIPU

leases in respect of approximately 257 net mineral acres located in 18 counties in central Oklahoma, giving rights to participate in the drilling of wells in 38 sections ("Woodford Interests")

and

http://www.investegate.co.uk/magnolia-petroleum-plc--magp-/prn/operations-update/20140529070000PAEA9/

With the Woodford lying below the Mississippi Lime across much of our 5000 plus net mineral acres in Oklahoma, the positive implications for Magnolia's future net reserves growth, as more horizontal wells are drilled to the Woodford, are clear.

So hang on a minute. In sum, MAGP - with increased acreage across the Woodford zone - is in a stronger position than it has ever been. No wonder the BoD are unfazed by current market sentiment.

Also, I went through the Enerlex thread: There have been two remarks on SOS/RFW no longer being "spring chickens". That is a complete nonsense. At 72, I have the same energy of years ago. Both the above are 61 or under. Coupled with which the Enerlex office is managed by Mark Snead - a good support when needed.
Robsky
Posts: 2,837
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (4)
RE: Simple Terms
3 Jun '14
Hang on to the coat tails of one of the best operators in town and don't forget the others Kodiak and Statoil in the North Dakota.
boak
Posts: 2,293
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: 3,409
Off Topic
Opinion:No Opinion
Price:1.25
correction
3 Jun '14
$1.7bn debt burden
Robsky
Posts: 2,837
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: 3,409
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.



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