Magnolia MGY

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Fraser921
Posts: 2953
Joined: Mon Mar 22, 2021 11:48 am

Magnolia MGY

Post by Fraser921 »

https://static.seekingalpha.com/uploads ... iginal.pdf

This one has no oil hedges and great balance sheet Hello
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: Magnolia MGY

Post by dan_s »

That is why I put it in our Small-Cap Growth Portfolio. Only downside is lack of lot of running room, but it does have the financial strength to make more acquisitions, which I expect them to do.
If Goldman Sachs' oil price forecast is correct (80/bbl in Q3), this puppy has a lot of upside for us.
Dan Steffens
Energy Prospectus Group
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