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Magellan Petroleum Corporation Message Board

  • sheezymcneezy sheezymcneezy Jan 30, 2007 11:54 AM Flag

    oil up, natural gas up big, production up, book value > stock price

    can you cheap asses start bidding 1.30+? honestly. why are you traders so damn cheap. at least lets get closer too book value, we'll worry about valuing in growth later.

    and stop freaking selling sub 1.25, when someone buys a huge chunk at 1.29 in the morning. it makes no sense.

    you losers that are selling probably were the same morons that sold NITE to me at $7.50 in 2005. Thanks for that by the way, I sold that around $16/$17.

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    • Wow! Mpet volume not even 60% of average!!! Where are the big traders? Did you lose your trading capital on the bank
      and housing stocks? do you think iran will burn all their oil wells when they are surged,like iraq did in the gulf war? oh! My! If that were the case oil would go to $200 and mpet to .75cents!!!

    • Scheezymeecnezy.. I feel your pain.

      • 1 Reply to sopelote
      • Its not about pain, it's about overall stupidity or manipulation, one or the other. Even if oil fell to $45, MPET is still worth $2.

        We have (give or take ) 1.40 in book value. We are profitable, but will most likely be sporadic while we spend money to grow production. But like i said earlier, that is what the market wants, using EPS for higher production.

        oil production up from 38,000 barrels to 57,000 barrels quarter over quarter.

        oil still over $55, gas now well over $7. that will add to speculation.

        stock should be over $2. the minute they increased production and reaffirmed their aggressive 2007, we should be WELL OFF OUR 52 WEEK LOW, not just 8 cents off of it.

        Wise up people. Why sell at $1.26 when you can sell over $2 whether in a month or in a year. The point is why sell this low?

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