Great analysis, but I think the timing could be bad. The rise in energy prices as a result of the ongoing conflict in Iran will hit Magnum's production, storage, and transportation costs--possibly for an extended time. This will have to be reflected in the price. Unless it is somehow insulated from this, there could be additional downward pressure on the stock.
Possible, this is also why waiting makes sense here. I think the stock may be depressed until Q3 or late Q2, but if it becomes obvious that they’ll deliver on the targets, then it’ll re-rate.
I have a puny 2 shares from the spinoff. Maybe I should think about building a real position.
Maybe, the attractive thing is that downside is really very low
Superb Analysis 👍
Thank you so much!
Great analysis, but I think the timing could be bad. The rise in energy prices as a result of the ongoing conflict in Iran will hit Magnum's production, storage, and transportation costs--possibly for an extended time. This will have to be reflected in the price. Unless it is somehow insulated from this, there could be additional downward pressure on the stock.
Possible, this is also why waiting makes sense here. I think the stock may be depressed until Q3 or late Q2, but if it becomes obvious that they’ll deliver on the targets, then it’ll re-rate.
Very interesting, many thanks!
Glad you liked it 🙏🏻
Excellent article. Thank you for sharing.
Glad you liked it.
Very good article
Thank you!