Magellan Petroleum Corporation (MPET) DRIP

DRIP Plan Highlights
Enrollment
Initial Purchase			$250
Purchases
Minimum purchase			$25.00
Maximum purchase			$10,000.00
Fees
Account Setup Fee			None
Automatic Invesment Fee			$2.50
Optional Cash Purchase			$2.50
Reinvestment Fee			N/A
Sale Fee			$15.00
Company Web Site			http://www.magellanpetroleum.com/
Additional Plan Information			Agent Site

Magellan Petroleum Corporation DRIP Details:
The Magellan Petroleum Direct Stock Investment Plan offers a mediocre holding vehicle for your Magellan Petroleum investment with no account setup fees, but does charge optional stock investment fees. The company currently does not have a dividend or a dividend reinvestment fee. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your MPET investment.
Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)
Cons:
Above average stock sale fee