Are you thinking of buying more Magnolia Oil & Gas Corp (MGY) shares now? Price has come down heavily. Seems to still be a fantastic company, from operating metrics and shareholder returns perspective. Perhaps market perception of the Wildfire acquisition is making MGY more sensitive to oil price movements? Would love to hear your updated thoughts, if any.
Prices would go through the roof if the reality would be leaked. Also, it would show how desperate the USA is in regard of having a practical deal with Iran. They can't afford hostilities anymore. Simple as it is.
I simply cannot understand the price action this week. I'm holding my positions because I think I have a good idea what the reality is, but man this is frustrating.
Sam, I agree with your statement that : "CENTCOM should publish the starting date and the daily totals behind the announcement." Further, if I were advising Admiral Cooper, I would recommend that he refrain from using the word "couple." According to my Copilot Search: "A 'couple' most strictly means two, but it is often used colloquially to refer to a small number, usually around two to three or sometimes slightly more." However, I would refrain from calling Admiral Cooper a liar. In my judgment, when Admiral Cooper spoke on September 19th and indicated U.S. forces had helped move more than a billion barrels of oil through the Strait of Hormuz, he was indicating the total from early May through September 19. Since the total on August 28 was nearly 750 million barrels, the billion barrel total on September 19 simply meant 250 million barrels had moved through the Strait over the prior 22 days or an average of 11.36 million barrels per day.
Are you thinking of buying more Magnolia Oil & Gas Corp (MGY) shares now? Price has come down heavily. Seems to still be a fantastic company, from operating metrics and shareholder returns perspective. Perhaps market perception of the Wildfire acquisition is making MGY more sensitive to oil price movements? Would love to hear your updated thoughts, if any.
Prices would go through the roof if the reality would be leaked. Also, it would show how desperate the USA is in regard of having a practical deal with Iran. They can't afford hostilities anymore. Simple as it is.
I simply cannot understand the price action this week. I'm holding my positions because I think I have a good idea what the reality is, but man this is frustrating.
Sam, I agree with your statement that : "CENTCOM should publish the starting date and the daily totals behind the announcement." Further, if I were advising Admiral Cooper, I would recommend that he refrain from using the word "couple." According to my Copilot Search: "A 'couple' most strictly means two, but it is often used colloquially to refer to a small number, usually around two to three or sometimes slightly more." However, I would refrain from calling Admiral Cooper a liar. In my judgment, when Admiral Cooper spoke on September 19th and indicated U.S. forces had helped move more than a billion barrels of oil through the Strait of Hormuz, he was indicating the total from early May through September 19. Since the total on August 28 was nearly 750 million barrels, the billion barrel total on September 19 simply meant 250 million barrels had moved through the Strait over the prior 22 days or an average of 11.36 million barrels per day.