Magellan Energy, Ltd. (MGLG)

[THEASSASSIN]

So I guess the forseeable future with oil and Nat gas means nothing? both of these are climbing weekly and people are panic selling because they havent released the production numbers yet??


Crude oil prices jump Tuesday
Jun. 16, 2009 (United Press International) -- Crude oil prices jumped to nearly $73 per barrel on the New York Mercantile Exchange Tuesday, in spite of the dollar's recent gains.

Crude oil prices gained $2.10 overnight to $72.72 per barrel. Heating oil prices gained 0.0634 cents to $1.879 per gallon. Reformulated blendstock gasoline rose 0.0553 cents to $2.1083 per gallon. Natural gas prices rose 0.166 cents to $4.348 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.674 Tuesday, up Monday's $2.669 a gallon, AAA said.



Source: UPI (June 16, 2009 - 9:44 AM EDT)

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