As I have said before, I appreciate you updates on Montana oil production and agree with you that being in the stock now has the potential of rewarding us far more than the risk of hurting us again. At least this is what I hope as there have been times when I wanted to strangle management.
He was chuckling about who was selling in the pre market when, in fact, pre market ended up 7 cents to 2.21. Not sure what it will do today but I think things could get interesting pretty quickly.
I said, if you would try reading my posts, that I did not believe Magellan paid him. I believe Seeking Alpha does pay for some submissions. Now, stop dodging my question about who pays you.
I think you are right and I doubt we will ever see a partner in N. Africa property.
And yet you hide behind a made up moniker and continually shout DD in your posts. Who pays you to trash and ONLY trash the companies about which you write? Valueman, whoever he is, made the risks concerning opposition to fracking and to where some of the drilling is taking place in the UK quite clear in his article. Did you actually read it or just decide to cut and paste the last part in which he urges people to make their own decision?
Down 2 cents on about 76000 shares at this time. Will be interesting to see if volume next week continues to be above the norm on rising share prices.
all taken into account in Seeking Alpha article so, at least from that author's viewpoint, the share overhang is not an issue that should worry people at this time. Once again, I cannot vouch for that author's credibility but he posted something like 16 pages of information from which to make a judgement as an investor.
The use of the word "would" seems to indicate the 12 hour/Sunday ban was for construction of the rig but, even if it is for the whole process, the end result will either reveal either positive or negative information concerning that area of the Weald. Positive information would certainly give more value to Magellan's stake in the area in the event they want to monetize their holdings.
If we assume that is the case, although they are heavy in financials/banking, perhaps we are approaching a good buying opportunity. Commodities will not stay down forever.
This article covered a large number of pages and I think did a very good job outlining both the rewards and risks of buying these shares. Environmental concerns about fracking in the UK were addressed in some detail and examples were given as to how such drilling could still be done without raising the ire of local councils by following the Wytch Farm program. In general, to save posters from eyestrain, the author believes that Weald and Aussie assets should be monetized and everything put into the Poplar development as U.S. investors are not amenable to really understanding much about overseas holdings but will jump on a good turn around story within the U.S. The author values the shares at about 1.80 (all projects go bust) to 7.99 (if Poplar CO2 is proven and best value is received from monetizing overseas assets). I also thought his refusal to assign any value to the Santos bonus payments (as they are not assured) was a sign that he has done his research. From the way the article was written, I do not see any reason to believe he was paid by Magellan to post the article.
This may be the source of the jump yesterday as Seeking Alpha Pro published a piece giving Magellan a target of 4.50 as value is unlocked. I have no idea as to how accurate such articles are but have seen postings on Seeking Alpha of gains or losses since such articles are posted as pros or cons for a certain company.
Indeed what you say is true armpitslarry. But sometimes I and carson and networth and others need to post a message so that our name is the first one to be seen by some checking in. If we post positive or factual items and do not make guarantees of anything then we will have legitimacy and avi and the appendages cannot counter without sounding more foolish each time. There is nothing wrong with avi reporting that groups are protesting certain events or that he believes a certain practice is unsound but he then goes off the reservation (Fort Peck--get it avi?) with outlandish and irrelevant nonsense.
Have taken a chance on 5 risky plays in the past 5 years and 3 of them, including SOQ, have gone into the tank, one is still about break even and one I made 150% profit on before it was bought out. Now that I am approaching the end of my working life I will not be doing any more of this kind of "investing." I have enjoyed the give and take on the board and, yes blanco, a movie would have been a hoot especially in the form of a documentary. Anyone out there know an independent college student producer who needs to make a short film as a thesis project?
Again, no answer to my questions. What you consider weaknesses, some of us see as opportunity.
But when you cannot defend yourself you resort to, as above, bland generalizations about weaknesses as you perceive them through your lens and no, you have not shared anything except with your other selves.