At the very least, legal costs will not be weighing so heavily on the company. I am most eager to see if earnings can keep up with the good start from last quarter.
p.faas and ohcguy, I would have been much more concerned if the release had come out at the end of the day rather than the beginning. Not a lot of trading today but so far the market is saying that this is a non-event.
Semi joking about India but they are really proud that they have sent a craft successfully to orbit Mars and just had a successful
heavy launch with a unmanned test module which could put them in the geosync satellite game. Still,would not be surprised if they made some bids later for some major contracts going forward. And if Europe and Russia and, I think, Japan can do a resupply then why not India (in their view) plus it would be an "in your face" to China as both these countries vie for influence in Asia and elsewhere.
Next in line, India will want a piece of the action. I am wondering what the effect on earnings will be due to contracting with ULA. Still, it looks like investors are willing, for the time being, to accept that and focus a bit in advance.
Thanks. Shows how clueless I am as to the configuration and never even thought in terms of 10 engines per launch. I think you have hit the nail on the head in terms of how this puts Orbital/ATK in a much better position to get part of the CRS2 contract. I see SpaceX is now trying to perfect a soft landing on a floating platform. Musk is visionary but I think shareholders and a board of directors would be a bit leery of some of his spending ideas.
But why do we need 60? Are there other big missions for Orbital/ATK that would require that many with that boost capacity? How many resupply missions will there be to the ISS?
News could not have come at a better time. Glad I did not sell my shares. Perhaps you have a connection with clamdigger and can let him know in case he has not seen this.
He may want to reform the 3 amigos :-)
Better yet, what does Montana have in common with NY? Attitudes towards drilling are far different. I think avi might (or will) be in shock especially if a flow test in the UK is good and even more so if production from the CO2 project pays off. I honestly do not see these kinds of oil prices lasting more than 6 months but am willing to admit they could go somewhat lower in the near term.
No firm evidence of success yet but a chance that both projects will yield benefits. If both fail to produce as hoped then Magellan will have a problem financially. Only those with pretty strong constitutions should nibble at these smaller oil and gas explorers especially in the current market.
He is not The One. He is not xxxfinance or wrongtom or any of the other handles by which he posts. HE IS (drum roll please) THE FREAKING GRINCH!
Thanks carson. Am holding all my shares but this certainly seems like good news especially if the goal of Magellan is to monetize their share of the permits in the future. Back to a speculative buy from a hold.
Message board still here and boy did you hit the nail on the head with your comments. News this morning may give some small ray of hope but I suspect any money they receive, if the deal is approved by Joint Oil, will only go to salaried of management. 15 million lost on the Nov non drill and another on the Dec. non drill. Only a new entity could do the Dec. 2015 drilling so we shall see. At the best, Sonde gets 8 million for its interest in North Africa.
25 dollar import tariff on every barrel from OPEC and they would soon change their minds. Yeah, yeah, I know--will never happen.