Some near term things need to occur. The Horse Hill well needs to spud and show encouraging indications of recoverable oil. The company needs to give some indication of progress occurring with the CO2 project and increased barrels per day from existing wells undergoing upgrading needs to occur. No news is not good news for a company like ours as will lead to declining share price absent any stimulus leading in the other direction. This is all an "IMO" posting so may be taken at face value by whoever reads it.
Thanks doc. Am considering selling the last of my shares specifically due to this lack of vision as to what to expect from the combined entity. Vacation was fine but, if I never see another dish covered with green or red chile, it will be too soon. I guess I would rather vacation near water. I can sit for hours and watch the waves at the ocean or watch people fish and it makes me feel more relaxed. Not so while staring at miles of near barren terrain of the southwest.
If ORB is no longer going to be an ongoing independent entity, why worry about what they might make next year when they are ORB/ATK (or vice versa) and focus instead on the combined entity?
Pretty depressing price action in last few days. It is really hard for me to take seriously concerns about what their earnings will be in a year especially if they are no longer an independent entity. News about NASA not having the funds to proceed with doing a new rocket by 2017 was not surprising but still a bummer.
That would make sense because, with all the negative publicity about things like fracking, an industry is going to work to ameliorate the problems as much as possible while an industry that is seen as "clean" is not perceived to have problems and therefore those that do exist are not ameliorated as rapidly.
The launch had the main objective of launching the sats for the customer and a secondary objective of testing a soft landing by the first stage as part of Musk's goal to make rockets reusable. First stage apparently lost integrity on the way down--in other words, kablooey!
What if one company, say ORB, listed on the stock exchange beginning in the 1950's had been put in charge of satellite programs in order to catch up with the Russians launching of Sputnik. Of course government aid would be assumed in the Cold War. From Redstone and Vanguard disasters to the launching of our first birds and beyond would have created a stock chart for ORB that only the strongest in faith (the three amigos) would have had the courage to follow with share purchases.
Heading for a week's vacation in Santa Fe NM beginning tomorrow so I am putting you and clam in charge of making sure only good things happen with ORB :-)
Commented right after you doc and I agree wholeheartedly with you. Never know what Mr. Market will do overall but the ORB team continues to prove itself. Now to get that engine issue resolved as to supply either in renewing Russian engine contract or actually creating our own (my preference).
Spectacular launch and everything nominal thus far through solar panel array locked in place. Good job ORB team! Now, we wait to see if we can catch up to the ISS and hook on to the arm for delivery of goodies. The expertise behind a launch like this should make Americans proud and encourage more young people to pursue a career in this field as well as other science and engineering fields.
I did not red thumb you but I do not find it particularly relevant either. Relevance would be an oil discovery of or lack thereof. It would appear that two small companies are willing to risk a few hundred thousand dollars on the bet that something is going to be found that makes their investment worthwhile despite fracking protests that might occur were the well to reach that point in its history.
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.