I, probably like you, thought PDS was finally breaking out of the doldrums but drifted back a couple bucks. Perhaps dropping oil prices and easing tensions in some areas of the world. I note that Libya is once again exporting oil after its recent turmoil and perhaps the actions against ISIS are convincing traders that oil will drop more which I imagine would surely slow drilling. So many things are involved in the energy markets that I certainly cannot keep up and so I guess I will just have to believe in the PDS story a while longer.
PDS seems to be building a very good future for itself with its advanced rigs and expanded geographical contracts. I can see it doubling in a couple years if Mr. Market does not throw us all for a loop. I think they will also increase that dividend in tandem with better earnings.
Can we trade on your coin flips--sounds like a good a system as algorithms. BTW, say a comic strip (Pearls before Swine) where the pig did not know Al Gore could dance or had rhythm---Algorithms. Hope that did not ruin your day doc.
Avi is off the rails most of the time but all of us need to realize that costs per watt are coming down dramatically and major oil corporations are devoting a certain amount of their budgets to this process. In some high cost areas, solar is falling far enough in cost to be competitive with traditional fuels without the need for subsidies. While babs and networth and carson and virtua and I do not like avi's rantings we should not ignore the idea that solar and other non fossil fuel sources are going to provide an increasing, if always small, portion of our energy needs. And that means there may well be investments to be profitably made in those areas. Of course an investor would have to be very careful so as to not, as I did, get swept up in the story a few years ago and drop several thousand dollars. But then, I have dropped thousands on a couple of oil stocks (not Magellan) and thousands on horse ownership so am not as risk averse as some. So, we can ignore "The One in the guise of puppets" but keep our eyes open for opportunities.
It sure was not my horse's day yesterday as she faded in the last furlong from first to last after being jumped back up in class following her win two weeks ago. But that is definitely horse racing for small time owners.
As you mentioned before, even a statement of fact gets a thumbs down although I put no value analysis on the after hour trades as to what it might or might not mean.
Brave acts and even courageous ones can still be pretty foolish in retrospect especially when committed in the territory of an oligarch who has no intention of ever changing. I would prefer Greenpeace refocus their efforts on cleaning up the plastic trash in the oceans rather than engaging in quixotic ventures.
Amen to that as I have been deluded so often by this one. I thought previous ownership was inept but wow. This one takes the cake when it comes to creating anything even in safe areas like Canada.
Drops to the 1.80 level last week and back up to 2.10 yesterday then down to 2.01 this morning and now back to 2.09. Absent any news to the contrary, I think investors are indicating they are willing to stand by Magellan in the near term.
Greenpeace has the right to attempt to protest what they consider environmentally damaging activities. I do not think we, as citizens of a relatively free country, can dispute that. But the exercise of these rights often can come with a cost that can be pretty painful. I think it was insane to climb on a Russian drilling rig or even enter Russian territory but whackos on both the left and right can sometimes live up to that designation.
Not a chance of that. Have been watching reruns of my horse winning though :-) Anyone with common sense would realize that the whole UK drilling adventure may come to naught. Still, there is money to be made if there is even moderate indications of commercial discoveries in the UK and if the CO2 project comes to fruition. Just like horse ownership, quite a bit of money is invested in hope of a bright future and that is how I view my stake in Magellan.
I held on to the small stake I had in hopes something would come of the north African block that would benefit shareholders. There is absolutely no indication that that will be the case. Sonde is now another penny stock to be added to the dust heap of history.
Why would you just repeat what babsie posted yesterday? I would have suspected that something in your post would have implied that the heavy rain was due to fracking around the world or some such assertion.
He will probably just ignore you because of the 3 hr. bet or he will chime in with something irrelevant about drilling in Uganda or something.