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Enter Symbol:
Magellan Petroleum Corporation (MPET) [hlAlert]

down 82.79 %

Magellan Petroleum Corporation (MPET) rated Buy with price target $1.50 by C.K. Cooper

Posted on: Thursday,  Feb 21, 2013  8:25 AM ET by C.K. Cooper

C.K. Cooper rated Buy Magellan Petroleum Corporation (NASDAQ: MPET) on 02/21/2013, when the stock price was $9.36. Since
then, Magellan Petroleum Corporation has lost 82.80% as of 08/27/2015's recent price of $1.61.
If you would have followed this C.K. Cooper's recommendation on MPET, you would have lost 82.79% of your investment in 917 days.

Magellan Petroleum Corporation (MPC) is engaged in the sale of oil and gas, and the exploration for and development of oil and gas reserves. As of June 30, 2009, the Company?s principal asset was a 100% equity interest in its subsidiary, Magellan Petroleum Australia Limited (MPAL). The Company conducts business through its two segments, MPC and its wholly owned subsidiary, MPAL. MPAL?s assets are two petroleum production leases covering the Mereenie oil and gas field (35% working interest), one petroleum production lease covering the Palm Valley gas field (52% working interest), five petroleum production leases covering the Nockatunga oil fields (41% working interest) and 18 licenses in the United Kingdom, five of which are operated by MPAL. In October 2009, the Company completed Montana oil acquisition by acquiring an 83.5% controlling interest in Nautilus Poplar, LLC.

C. K. Cooper & Company has for over a decade provided insightful research ideas and commentary. As the firm identifies focus industries it brings together an analytical team to provide unique vision and insight to select investment ideas. In addition, leveraging on the expertise of the firm, the Research Team can evaluate opportunities against a wide database of industry and competitive trends.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/21/2013 8:25 AM Buy
9.36 12.00
as of 12/13/2013
1 Week down  -2.80 %
1 Month up  0.97 %
3 Months down  -0.95 %
1 YTD down  -11.11 %

(*) Stock Price at the time of the recommendation.
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