I want to believe that the market is saying it will be near the top end of expectations given the current upward moves in both ATK and ORB. We will know very soon.
Yet you responded didn't you? And once again, with an ad hominem attack instead of discussing the issue of the pipeline company's responsibility and the fact that I agree that the spill was not good. Please try to focus next time.
Will probably be worth a lot in the long run but small shareholders like you and me will never get the sweetheart deals and can only hope that, if we invest, our judgment is valid. I am past the point of doing much more investing except in dividend payers as I must begin to draw down my IRA in about 18 months. Orbital was a stock I benefited from pretty handsomely in percentage terms but lordy have I ever taken some boneheaded gambles also that did not pay off ;-)
And that would truly be a guess. No one, not carson or virtua or babsie or myself, wants to have rivers on fire or be dying of asthma but we also do not want our families to suffer for an idealism that would send us back to a lifestyle of hippie communes of the 60's. This spill is absolutely not a good thing but it will get cleaned up and the effects will diminish and Bridger will be fined for the cleanup. The fine will probably not be enough to cover the cleanup and on that point debate can be had but being a denier of the need for oil and natural gas in our society is ridiculous and that is where many ultra environmentalists stand. BTW, how are you and avi doing when it comes to the toxic waste inherent in the computers you use or the batteries in the electric cars or other waste products of solar etc.?
Not sure you would want to do that yet. Musk has talked about an IPO several times but has never gotten around to doing it and they spend huge amounts of money attempting to do what they do. If they can perfect the soft landing and reuse of the first stage I would not be surprised to see an IPO at that point.
It is interesting to note that ATK went from 158 to 100 and is now back to 125. If we get the spin off price of 60 then we are trading at about the right level today (26.70) and 65 would take us close to 29 on the spin off. A spin off at 55 would drop us to about 24.50. Over the next few days the price of ORB may give us a hint in advance of the spin off value so I am hoping we move through resistance and head towards 30 on ORB in the next week or so.
Share volume going crazy now--450 shares ;-) Early approval of a flow test and actual production this year would be good as long as it is profitable in the UK. Still would like some news on the CO2 project so hopefully that will come with the quarterly report if not sooner.
Well, it did just trade another 100 shares down 2 cents. Weird though, so I suspect something is in the works and can only hope it is positive news perhaps on the UK flow permit or the CO2 project.
A couple things come to mind. Are investors waiting to estimate the affect on Magellan of the pipeline shutdown OR there is announcement pending (although I think that would be already part of the news).