RE:Maglan Capital..????oilwatcher13 wrote: Must be their worst investment, pumped this dog for over three years and still pumping... still going down to new 52 week lows...
JMHO
Sould be trading for a penny.
Sadily, this one got too personal for investors.
The net pay zone of the properties are too thin, IMHO, 50 ft give or take is just too thin,
look at sei, with apparent net thicknesses of about 1000ft, trading at a mrkt cap of 16 million, with a presumed net 300 million barrels (accoridng to ecopetrol and the government of Colombia)
the comparative metrics of MVN have just not made speculative sense for more than five years
the new mvn owners have enough to feed their pipeline, but I do not think enough to make money from extraction
attacking me for years does not change what is in the rocks, and in the end it is about the rocks