32-33 was a target I was also hoping for but it does not look as if that will happen. Still not sure I want to be in OA. I was in ORB for so long it is almost like saying goodbye to a good friend.
Thank you doc. That explains why my math was backwards and also answers the question I posed on "doc from tom". This is a very fluid situation as evidenced by the way ORB bounced around today.
Well, I can't figure this out. Does it look like Orbital shareholders getting low balled in this spin off and new issuance? I honestly thought the defense/aerospace segment of ATK-ORB was going to be worth more than twice the Vista Outdoors shares. It looks like ORB should currently be worth about 31 (based on closing vsto-wi price) even if each OA share is worth exactly twice as VSTO share. Help me here doc--please :-)
Overwhelmed. So am I. But doubling the vsto-wi shares and then multiplying by .449 gives me a number close to what mcrf52 gets and I trust his math. I think I was hoping that the new ATK shares would be worth more than twice the VSTO shares, perhaps worth 2.3 VSTO shares and thus when I multiplied by .449 I would get closer to 35 than 30.
If we double vsto-wi at 33.80 (getting 67.60) and then multiply by .449 we get ORB at about 30.35. I think that is how it would be figured. Maybe I am wrong.
Thanks doc. I was fiddling with some numbers also when I saw the vsto.wi price and I got about 29.10 but that puts us just about where we are right now. Am hoping for more but the wi market for vsto does not seem to indicate much more unless ATK moves up strongly from here.
mcrf52 is spot on rockie. We do not know what our stake is worth at this moment just because ORB is about 30. If I have 100 shares of ORB currently at 30, will the spin off give me about 45 of OA? If that is the case then the OA shares need to trade at about 67 just to keep me even with current value of my 100 shares of ORB. If the 80 that mcrf52 saw (but later disappeared) is valid then our ORB today would indeed be fairly valued at about 35. Piling into ORB now might be playing with fire because we do not know what the spin off value will be. That is why I am holding on to my shares and waiting to see what happens.
And you know perfectly well that they cannot guarantee results into the future. I anticipate that my horse will do better this year than last. I expect to make more money.
How does one get thumbs down for relaying a report from Yahoo Finance? The report from Magellan is not embellished with flowery optimistic phrases that would mislead but is just an update of the CO2 project. Must be some appendages out there who automatically give thumbs down when I or carson or virtua or networth post anything.
Early stages but the results seem to be in line with other CO2 projects in that region. The two wells showing increased oil cuts have been shut in and the company is waiting for results from the other two producer wells. Management believes this bodes well for CO2 full field development in the future.
No need to yell virtua ;-) I am well aware of the type of well that was drilled at Horse Hill and the type Celtique is applying to drill but the point I am making is that the Parliament, pressured by activists, has made it more difficult for any firm to engage in fracking from this point forward. I, as a shareholder in Magellan since the late 1980's, definitely want them to succeed but that success in the UK would be more likely without this ban on fracking. Drilling a new conventional well every time and going through the permit process every time is darned expensive.
This is not a total ban on gas fracking but certainly will make it difficult for companies to do much of anything except conventional drilling in large areas of the UK. Fracking has been totally banned in national parks and areas of scenic beauty. By approaching the argument from a carbon footprint viewpoint the Parliament made fracking a much more difficult process in England as a number of environmental barriers must be passed to get approval.
If I get fewer OA shares than I had in ORB shares then the OA price needs to be higher to make up the loss in shares or this becomes a losing proposition at least in the short run. It is just that simple.
Do I detect a note of pessimism doc? Both stocks down a small amount at about 1% this morning but the whole market is getting smacked.