Magnolia Pet Share Discussion Threads

[albert3591] 05/2/2015 14:52

Don't sit on the fence fletch.

[albert3591] 05/2/2015 08:17

Wringing out the flannel now.

[albert3591] 01/2/2015 19:48

Carlisle...a bit like the magp fall share price fall then.

[carlisle38] 30/1/2015 10:36

Long and Strong.....

[r g fletcher] 30/1/2015 09:02

I aint going to the Flaklands I hate penguins.
And water.
And fish.
And coldness.

Hey that lot on LSE would have been easier just putting their money in an envelope and posting it to "AN AMERICAN IN AMERICA enjoy"
That way there would have been a chance some of it might have gone to someone worthy.

[colinvest] 30/1/2015 08:51

I appreciate RGF's comments, but maybe the effort and risk that is going into MAGP could be used to greater benefit elsewhere, even the Falklands!

[sleveen] 30/1/2015 08:21

The only positive is a 10% increase in production.

But at what cost and can it be repaid via netbacks that are probably down by 70% since June (oil price circa $100/b)

[colinvest] 30/1/2015 08:02

They'll soon need to have a 1-for-10 issue to give the shares a value of about 5p, to give them further downside; they might even go for a 1-for-20 (or more)! That is the usual tactic on US equities that are a foregone failure for licensed daylight robbery, as the 'new' shares then slide back as the short-sellers pile in, again! Added to which MAGP are in a highly vulnerable earthquake area of the US around the New Madrid fault, which had a devastating quake some 100 years ago, and with so much fracking going on it's only a matter of time before the tectonic plate does it again. MAGP needs to shift its operations elsewhere, before their faithful workers meet an early demise!

[sleveen] 30/1/2015 07:50

No mention of financial particularly net back.

Judging by the recent rig count data, many of the wells expected to be drill will be cancelled being uneconomic.

[r g fletcher] 29/1/2015 09:19

Suspension ?

Don't think it cant get worse because it can.

[papillon] 15/1/2015 15:27

From the lse CICC bb

CJ39
Posts: 43
Off Topic

Opinion: No Opinion
Price: 0.76
Was all the hype about this share..Today 08:40on this messageboard in the past just hype from novice inexperienced people or something else?

I am just curious to know what people think? There was so much hype and people talking about this share being a given to make loads of money. People talking about 5p parties, people talking about how this would definitely be 10p by April 2013 when it was riding a crest of a wave. But there were huge errors of judgement, especially given that at 5p the market cap of MAGP was like £40m for a company with very little assets and making losses.

Was the hype on this messageboard typical of the novice and inexperienced posters on these messageboards?
I have seen it at ORE, ACP, GKP, huge hype, people ramping up the share, cliques forming where anyone who posted anything critical or questioning the positive talk were hounded off the messageboard.

Any views on the previous hype of this share? I mean lets face it, a lot of people bought it because of it - which I know sounds crazy, but it happens.

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

Good post CJ39. I do remember the talk of the "party" when the MAGP share price hit 10p. Lol. I was one of those ridiculed at the time by the dreamers. MAGP was built on hype; it only ever announced initial flow rates on the wells it participated in. Yet these wells will only be producing a fraction of that initial flow rate in a short time period.

[r g fletcher] 13/1/2015 08:30

Oh and these licences that MAGP "purchase" on your behalf don't they have an expiry date ?
Is it not a case that for example if no drilling activity takes place by a certain period the licence lapses back to the previous owners ?

Now the big boys like Devon can afford( well sort of lol )to put activity on hold for a time until economic conditions improve, but the minnows like MAGP ?
Hmmmm.

Can a minnow afford to have its "assets" (I use the term loosely) devalued by 2 thirds!! where does that leave the security for its borrowings ?

Negative equity ?

[r g fletcher] 13/1/2015 07:58

You do know that Devon Energy had debt levels of an astonishing $10 Billion at oct 2014

YES YOU READ THAT CORRECTLY THATS 10 BILLION DOLLARS OF DEBT!!!

I wonder how its doing now !!

My guess is its desperately cutting costs reducing expenditure and maybe selling the family silver!! ?
Drilling and exploration will be getting slashed imo .
I wonder if they will survive ?