Magellan Petroleum's Risks and Rewards

Apr. 08, 2011 1:05 PM ETTELL

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Seeking Alpha Analyst Since 2010

We have been watching Magellan Petroleum’s stock since November, here, on Investors Hub. We predicted that this stock was heading for an upward trend, and planned on riding out since then. Apparently, others are beginning to agree with us! Seeking Alpha contributor, Michael Kudrna put together some good pros and cons of the MPET stock.

MPET and its subsidiaries engage in the exploration for, and development, production and sale of oil and gas reserves in Australia, North America, and the United Kingdom. Its assets include the Mereenie, Palm Valley, and Dingo fields in Australia; the East Poplar and Northwest Poplar fields in Montana, and a series of licenses (Markwells Wood / Havant) in the onshore southern United Kingdom. The company was founded in 1957 and is based in Portland, Maine.

Read the entire article here: http://turnkeyoil.com/2011/04/07/magellan-petroleums-risks-and-rewards/

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