Whose interest do you serve? We shareholders have been asking you that long before herbert posted anything.
I look at the Seeking Alpha articles each morning and, like you, would really appreciate some "cutting through the fog" on this whole combination of companies. It seemed as though it was an easy to understand concept until the Orbital shares went from 28-33-25 and now back to almost 30 indicating that the market does not fully understand the value and then the Stennis issue made it more murky.
Avi, when it comes to shares of a company, truth is often in the eyes of the shareholder and unless you can present a cogent case, based not on what happened with Coastal Caribbean or some other side issue, then your truth is not going to resonate with anyone except yourself.
You might have said that your opinion is shared by environmentalists who are opposed to fracking and fossil fuels in general. But, "Wanna Bet?" is a pretty weak response.
Materials for drilling the Hadaf structure in Libyan waters have arrived in Tunisia. Also, several unnamed companies have been in contact with Sonde regarding the findings of the Joint Oil block. Perhaps there is hope yet. I made the choice to hold to the end but hope that end involves a substantially higher stock price and not bankruptcy.
Thanks harry. I did read the article too quickly and you are right. I still do not have a lot of hope for this as Sonde's ability to maintain its share of the block is tenuous at best. I just think some of these bigger firms are ready to pounce if Sonde runs out of time and funds. With all the tension in the Ukraine and Middle East one would think a closer source of nat gas/oil (if the political situation settles in Libya/Tunisia) would be ideal for Europe.
What is the business relationship between ORBCOM and Orbital? I cannot remember if ORBCOM was once part of Orbital or if they have ever been.
Of course Magellan will never know what they have unless they are able to find a partner and drill a well at no cost for Magellan in return for giving up a majority interest.
Perhaps spending a few million to find out if a large resource exists now is preferable to spending even more millions in the future to discover the same resource. I suspect there are large amounts of oil and gas not yet being utilized but which were discovered in the past. Of course Magellan may not find a partner and that has happened before also and the lease was lost due to not being drilled.
I think 2015 will be crucial for the company because, if inability to meet demand continues for much longer, purchasers will begin looking for more reliable sources especially if they can get the quality they want. Hopefully, by then, these legal issues will be sorted out and production from the new processing plant will increase reliability of deliveries. Not much can be done about the weather issues that may affect supply but we are all aware of that potential problem on a yearly basis. So, buy more in anticipation of better results in 6-9 months, hold on to what we have or just get out and wait for improvement are the choices. What say the other posters?
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.
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.
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.
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.
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.