They, in my previous post, meaning of course those so committed to opposing fracking. People have the right to protest and attempt to peacefully gain their goals but they probably, in this case, not brag about how cheaply they got gas as it makes them look duplicitous.
Given previous information we have about what percent of the split up ATK will accrue to OA, I am having trouble seeing more than about 23 dollars a share. How do you see it doc?
I have held IAF for years from prices as low #$%$ to as high as 17 and am very aware of the effect currency rates have on the fund. I would be more than happy to accept a 5% distribution rate that might strengthen the balance sheet as opposed to the rates IAF pays.
I guess I just do not understand people who buy gasoline at a low price but then complain about fracking which has made oil so plentiful that we have an oil price war going on and consumers have billions more with which to make other purchases. I would think they would be driving electric cars or, at the very least, hybrids.
Several well heeled investors are betting that, while the next few months could be ugly, that the bottom is near for oil prices and recovery will follow. While this does not pertain to any specific company, and smaller explorers are certainly more risky, it is often the case that smart money recognizes bargains in the making. From different articles I note that an increasing number of drilling rigs are being idled and industry analysts say that will lead to a decrease in supply of oil in less than a year. Finally China's slowdown and thus much of Asia's/Australia's will not last forever.
Until it happens. For Magellan, it has not yet occurred although it appears that will be the case. Substantial flows of oil from the CO2 project would help mitigate concerns about such dilution as would a positive flow test of the HH1 well in the UK.
Then why not just reply to that football thread? Everyone, and I mean everyone, knows the financial condition of Magellan and its history. There is no need to even go into those things. I doubt you are scaring anyone away from taking a gamble on Magellan as, like me, they are hoping to catch lightning in a bottle and are willing to take the risk.
Yes it could. I know the board is about Magellan but a bit of a distraction now is not going to bother anyone nor is it going to have any effect on the world oil market.
Have never seen anyone rack up so many thumbs down in a short period of time as you avi. And I did not even join the parade. Are you so bitter that you cannot even wish others some good fortune during this time of year?
Good. I think that is where their focus will primarily be and I would suspect they already have decided on how to deal with the required 2 million to Celtique. 10 million to fund solid growth should be a small burden to bear and I honestly believe we will have higher oil prices (70-80 per barrel) within a year.
Took great joy is making the thumbs down count go to 10. You did not even address the question I posed which, all too often, is par for the course for you.
The perfect price buying point is often the enemy of a good buying point. Mid 5's are good enough for me. But, indeed, no one can be sure where the price will end up at any given time.
Who is going to buy these new shares being filtered into the market? If the situation is this dire, it would seem that there would be few if any buyers especially for the number of shares being posited by some on this board. My guess, if there are eager or even just willing buyers, is that they see a company on the edge of having far more value than the market would currently indicate and thus would be willing to take the risk. Magellan is not far from selling at book value right now but your point of their cash burn is troublesome.
Use it as they need but not for salary or bonuses unless revenue increases even more from solid achievement. For example, signing a deal to get CO2 supplies should not result in a bonus at the end of the year. The CO2 offer is on the table--either do it or don't but do not expect huzzahs in the form of more moolah to management.