This space is reserved for chinaman to introduce himself.
I just read a newspaper clipping talking about the various shale plays in the USA. In July BHP Billiton placed a big bet on this becoming a massive new supply of oil and gas when it bought Petrohawk for $17bn. In November it announced plans to spend $4.5bn on developing it. And from the sublime to…well, to the smaller. Our new client Magnolia Petroleum (MAGP.L)…
Someone is doing a deal on Crazy Horse (CVE:CZH) when it’s vulnerable. It looks smart. I read an interesting research note on Black Iron Resources, published recently by Northland Capital which highlighted the gearing effect of explorers to their commodity. The average fall in Iron Ore equites listed on the TSX from the 52 week high was... Iron Ore Price -8.8% ; Producers -19% ;…
Among today’s news you see: Marks & Spencer (LON:MKS) missed with 1.7% LFL sales, when 2% was expected. This figure was propped up by food up 5%, while all other inc. clothing was flat. J D Wetherspoon (LON:JDW) , reported in line, expecting continued difficult environment ahead, and input price costs rising 4 – 7%. Speedy Hire (LON:SDY) – sales only up 0.4% in quarter…
Good article. As long as Magnolia keeps adding economically successful wells - as I anticipate the 2 new Marathon Oil wells announced today will shortly become - then this company will keep growing, slowly at first and then more rapidly as the exponential effect takes over. Like Chesapeak did. I expect the most important news in the short term is for a deal to be…
Nice buying again today. Good volume, which is what I like to see. I hope this attracts more shareholders to the story. Still good value. Hoping for good news before long.
Quite a few small sellers around today. But still not too bothered. Keep the shares trading and the volume good, and soon the shares will be in the hands of people who want them. Next news I reckon will be in mid Jan and if it's any good, this could be 0.65 - 0.7p with a good surge of new volume.
Volume good again today. I suspect this is now starting to be held quite widely, which means that more people will notice when the next RNS comes out. This is a good thing.
OK - these things are moving. Volume is strong. People are going to keep buying this when they see the cash flows from the wells come in.
