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Magellan Petroleum Corporation Message Board

  • analysts_are_foolish_idiots analysts_are_foolish_idiots Jul 1, 2005 3:00 PM Flag

    Hush, We are moving up, Watch covering

    They shorted the shit out of this stock, watch them crawl over each other to cover before closing.

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    • Bill_Gates_Will_Be_Trillionaire Bill_Gates_Will_Be_Trillionaire Jul 1, 2005 3:27 PM Flag

      We sure are, slowly but surely.

    • I wouldn't get too excited about anything that is happening today. MPET has barely traded in the 600,000 range, nothing compared to what it has been doing. All the major New York traders either left early or didn't come in at all. Monday will be interesting because there may be a sell off on crude because everyone didn't want to go into a long weekend being "light" on thier oil contracts in case there was a spike over the weekend.

      • 1 Reply to mvent39
      • MPET has stabilized in the 2.40 range quite well. If any thing, it will go up from here. I personally would not sell MPET for this price.

        It is unfortunate but imminent that oil prices are going to go up. Stronger Chinese/Indian economies are going to drive the prices up. There has been a 30% increase in the price of a barrel of oil from 2001 to 2005 and it is going to go up at this rate in the future. Conoco, BP etc. have been and are STRONG BUYS and will be.

        As for the Alternate Energy sector, there is too much lobbying going on that you will not see an immediate shift/adoption.

        I am just reiterating what has been said time and again by experts. Oil/Natural Gas sector will be a key driver for economies all over the world. As for MPET it is fundamentally sound and should be a key player. The road to success will be rough but I have no doubt that this will be a double digit stock in no time.

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