I hope, virtua, that some company sees enough value to make such an offer for Magellan. But I suspect that no one will step forward unless the flow test (whenever that occurs) confirms such a estimate as Schlumberger has put forward.
How would you possibly know what I have picked up in the past? Just because I have a risk tolerance light years greater than yours does not mean I do not have some quality issues helping ameliorate losses I have in Magellan.
When panic sets in, the baby gets thrown out with the bath water. We may indeed see prices again in the 60's but this morning's early action was knee jerk and foolish.
Panic selling early. My OrbitalATK (OA) went from 72 to 56 and is now back to 70 and that is still down 15% from its high. But clearly another case of throwing the baby out with the bath water.
Massive and sometimes panicked selling on virtually everything except gold has left the overall market in a state of disarray. The China contagion as hammered all bourses and those in countries which export raw materials have been especially smacked even more today. If you have dry powder left with which to invest, begin looking (even if not yet buying) for those gems that are likely to give growth plus some dividend protection. Sir John (Templeton) would have been licking his chops about now and just waiting for the herd to stop its all out panic.
I nominate avi (and his multiple personalities) as the poster least likely to be missed by anyone. Do I hear a second carson?
If, at any time you think I am an avi supporter, my post was probably meant as sarcasm. The one thing I will agree with him on is the use of dirty coal in such massive amounts and I am not opposed to solar etc when it can be done efficiently but his "no holds barred" opposition to fossil fuels is beyond the pale of reasonable discourse.
Avi and his various ID's are totally tone deaf to any one else's views or investing decisions Paul. Carson and miami and roncor and I are among those who have purchased the shares of Magellan while knowing perfectly well that it was a speculative punt in many ways. We hope news of the flow test will encourage a rise in price and, hopefully, financing for the company. Right now, the situation is close to dire as oil prices are not near the level to support Magellan. Best to ignore avi as much as possible as well as wrongtom and taffytaffy and wildbeenyheath.
Don't know who Paul Oz is but saying he is one of the supporters of Magellan and is lame for using a different ID is the peak of arrogance from someone who has about 100 different ID's.
Avi has no intention of responding to that portion of the argument. His view is that the salaries of management were always too high and I think, at this point, that is all he could use as a complaint.
Yup. It looks like my choice to ride it out will not pay off. I only wonder if avi and his various id's have ever taken a risk on anything less than AAA rated bonds. I get the impression that their main joy in life is belittling others who are willing to take a gamble now and then and that, it seems to me, is a sad way to live.
And speaking of banal and vapid, have you (via avi) worn out the key for typing N for Nautilis on your keyboard yet. I would think that after about 500 postings you might have done so.
Ewww wrongy. You are so clever. So should I have said 24.5 cents when the shares were 1.96 today and at 2.05 I suppose you want 25.63 cents? Are you some kind of math #$%$?
I damned well better see gas in the very low two dollar range!!!
I have just become numb to this whole collapse in share price. So many smaller companies are suffering the same fate that I am probably in the "misery loves company" crowd.
They are able to insure part of the process but not the whole thing. This business is still just risky enough that insurance companies are not going to cover the whole shebang--they leave that up to the taxpayer through NASA contracts.
In 2009 and 2003 oil was in the 50 dollar a barrel range and Magellan was squeaking by but a lot of that was natural gas sales from Oz. Different times and a different world condition. They only got into the Poplar deal in 2009 so you are trying to compare a regulated gas market in Oz with some oil revenues to no gas and collapsing oil prices today in the U.S. Apples and Oranges I think.