I have commented before as to how the downturns are accompanied by lower volume and the upswings by increased volume. That has got to be a good sign and if Horse Hill has good shows of oil things will get much better rapidly IMHO.
Has that been put into law in the Weald, or Poplar Dome or the outback of Australia? Until it is, then your postings about these places are irrelevant to Magellan.
Technically, Magellan could be ready to run to over three dollars a share. It will take a couple breakouts but a solid base is in place. Never sure how much I trust tech analysis on sub 5 dollar stocks but I like this analysis better than one in the opposite direction.
Good luck on the fishing clam. Right now, in my neck of the woods, we are at the beginning of the largest salmon runs up the Columbia River in perhaps 40-50 years. Nothing like a 6 oz salmon fillet cooked in butter and dill, a baked potato and a nice salad along with a beverage of your choice unless it is a great clam dish which I sometimes have trouble resisting.
Given the way I golf, that might be a bad omen. Hope all works out well with this launch as we need a bit of a boost(er) for the share price.
As long as it steadily rises and reaches a price at which I will be comfortable parting with some shares (about $4), I will be happy. Any other info you can learn from Poplar is always welcomed also especially in terms of total barrels achieved and the CO2 project.
I hate to admit to ignorance but it is good for the soul when necessary. So, can you explain how an exchange can accumulate shares? Do they, behind the scenes, act as a conduit for a company that might want to take a stake in another without a lot of publicity? Thanks networth.
Will we bail out the rocket companies also if they do something egregious? Ha, does not need an answer as I am being a smartass.
I want to take this opportunity to once again thank you for your updating posts about Montana drilling in the Poplar Dome area. Keep up the good work.
Information bashers are fed is always prejudiced by the political or economic views of the supplier and readers should take that into consideration. For example, states that are attempting to study whether or not fracking has led to some earth tremors becomes FRACKING CAUSES EARTHQUAKES.
In 1961 JFK called for American ingenuity to put a man on the moon. In 8 years it was achieved. Yet now, we need 5 years just to build a rocket engine to regain some independence in this new space race. Makes no sense to me at all.
Nice. I was hoping for some actual oil news from Magellan and not headlines from a greenie reporter in Germany or speculation about earth tremors in Oklahoma.
Absolutely true. The number games that have gone to the extra 30 minutes is amazing and the level of play in many of the games has been outstanding. I am really enjoying this World Cup which has been more entertaining than the 2010 version.
There does not seem to be much of that as drops come on lower volume and since the foray back to the 1.60 level, the share price is approaching the level last seen prior to the Royal Geologic report. Horse hill has either spudded or is close too that event so much shall be revealed soon.
I mention 2015 only in the sense that the new plant is supposed to be providing better results but certainly the inability to convert increases in sales to better profits is disturbing. Some changes do need to occur. So, alex, what are you doing in regards to your shareholding involvement with the company. It seems to me that enough incentives are in place for those running the company and it is time for them to perform.