Magellan Energy, Ltd. (MGLG)

[Dewayne18]

I'm simply playing this one because it's in full reversal. Like a phoenix rising out of the ashes. As news releases come out confirming the fact that they're back in business more money with find its way to MGLG. After a few quarters showing revenue figures the more the pace will pick-up. The only thing that would tank this stock is news confirming the exact opposite. I would expect that if I owned wells and someone else was picking up the cost of running them in exchange of the profits then cash flow should come quite soon. I really like this story. Can't wait for the price to move-up so trading stabilizes.