Magnolia Pet Share Discussion Threads

[ygor706] 28/9/2015 08:50

No real surprises in these results as far as I'm concerned. The revenue line has been hit by the oil price, operational cash flow is positive and the recent equity injection has provided funds for additional investment in the new "low price" oil environment. Uncertainties remain, but absent an oil price catastrophe, the company looks fit enough to survive for another 12 months. There remains the potential for a big event here........fingers crossed!

[r g fletcher] 28/9/2015 08:03

I wonder who will push it into ADMIN!!

Still not to worry I hear ENERLEX are doing just dandy.

[snowman88] 28/8/2015 12:17

exactly, with such a small valuation, will only take one of their large working interest wells to start doing well and this will rerate significantly. All the small WI's will just keep trundling along producing a reasonable risk free total also..

[ygor706] 28/8/2015 08:24

Still holding this one in my seedbed portfolio. The information flows here are always good and, to my mind, honest. Have always felt that this will be an "event" driven share and although to date this just hasn't happened I remain positive on prospects. We just need something to light the blue touchpaper! All imo DYOR.

[snowman88] 27/8/2015 16:37

a positive and encouraging set of data in the report and update the other day. Oil price also showing signs of bouncing off its lows. Nice bit of potential value here for a company only valued at £5.5mill

[temmujin] 14/8/2015 22:23

another casualty of the low oil price...RIP

[papillon] 14/8/2015 20:26

hoper2
14 Aug'15 - 19:18 - 10092 of 10094 0 0


Some people are not very optimistic for the price of oil:



>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

If the 10, or 20, dollar a bbl forecast in the above article turns out to be true then MAGP is toast, along with a lot of other AIM oilers.

[snowman88] 11/8/2015 09:58

or, if the company is only valued at 6million, but has some stable production via a wide range of small interests in numerous wells, ie it is fairly risk averse, but at the same time is making efforts to be an owner/producer with a large interest in a drill, and trying to establish its own flagship project, then maybe, just maybe stick with it, and be rewarded if they get it right. I'm here for the potential rewards that a 90%+ owned well would bring to Magnolia.

[r g fletcher] 06/8/2015 16:05

THEY DONT MAKE MONEY THEY HAVE NEVER MADE MONEY ALL THEY MAKE ARE LOSSES!!!!!!!!

[reba] 06/8/2015 15:49

Reads good snowman88
They have done pretty good until now.
Last drilling disappointing but at least they gave a report of their findings.
Still drilling to increase production, and still making money.
People are so quick to criticise

[sleveen] 06/8/2015 15:01

whereas now...we drill salt water not oil, so we don't need any oil storage tanks :-)