Welcome to the new thread for Max Petroleum. Here's a link to the MXP web site and a presentation that everyone should read.

http://www.maxpetroleum.com/companypresentations.asp

twice as many people buying than selling. It does not seem that long ago that I sold my holdings at thirty four pence. What has made them fall so fast in price?

Why would anybody want to invest in MXP which does not even produce a drop of oil and with oil price at $50, it is ridiculous to put any money in this loser.

Mxp could be sold off with a large seller ready to remove its entire equity. 2p looming on no news let alone decent.

as i understand it they produce 3000bopd.
relative to Mkt Cap that seems very cheap, farmout deal in the pipeline imo.

looking better today.

better than what? ..... just because there is just about a discernible pulse, assuredly does not indicate robust health!

By this week on friday Max petroleum will be heading lower to about 2p as no news on all fronts is due or expected to be announced.

for sure no reason to buy

hlyeo98 - just a minor point regarding your post 183. MXP is currently producing approx 3,000 bopd and has P2 reserves of somewhere in excess of 10 million barrels. This more than justifies the current sp and a lot more besides.

Mxp on its way out bad news comeing from CEO 2p looms dangerous situation Financial Investors dumping large equity stakes.

i don't like MXP as a stock, but i like disinformation even less ..... i have had a look on reuters and elsewhere and see no indication at all of any notifiable stock being sold in recent days

By this thursday when rates are cut in the uk by 1% the market will not take to kindly to this and the FTSE and along with other stocks will decline. With news due on the Construction PMI purchase manufacturing index set to be bad also Wednesday Services Pmi Nationwide consumers confidence survey set to collapse. along with general sentiment. Thats because MXP is heading down to 2p along with other stocks.

hmm! ..... this is a distinct change of tack and reasoning ..... indeed the markets may be heading south again shortly and sharply, and indeed MXP may fall in sympathy, but that is far from the same as "dangerous situation Financial Investors dumping large equity stakes (in MXP)

Cedit suisse have dumped Mxp stock at a loss moveing down to 2p as said before.

Could they fall to sub 1p then they will be a bargain.

Now heading for 4.1p for max petroleum and 2p on its way as investors are fed up of this company and going elsewhere.

Don't you just love it when posters you've never heard of before, suddenly appear on the thread and start posting stuff like 'going down to 2p' and 'large stakes being dumped'.
CS are in deep sh1t and they've been selling-off MXP for some time - just as they did with RXP. If CS decide it's time to get out at any price, expect a big rise in volume, a possible dive down to 1p followed by a hefty recovery once they've cleared.
The problem here is that we are waiting for MXP to deliver a deal. In the current market this won't appear according to the timescale of impatient PIs. It will come - one day - but I do feel that this management is not the best and I wouldn't be at all surprised if big holders are giving management some real stick over their performance. Will a head roll?

interesting times Pond Life.

Update - I read elsewhere that CS don't hold all their MXP in their own name, but hold a large slug in a nominee account for a hedge fund. Selling by CS may not be what it seems.