Miller Energy Resources (NYSE:MILL)

CAPS Rating: 1 out of 5


Player Avatar mdriver78 (62.34) Submitted: 1/10/2013 9:15:04 AM : Outperform Start Price: $3.58 MILL Score: -6.70

Encouraged based on the Company announcement that the rate it pays to move crude oil on to market on the Cook Inlet Pipeline system will be lowered from $6.17 per barrel to $3.21 per barrel beginning January 2013. While co's wholly-owned Alaskan subsidiary, Cook Inlet Energy plans to significantly increase throughput through the CIPL system in 2013 as a result of its ongoing drilling program, this tariff reduction would result in savings in excess of $1 mln even if the company's production remained flat through 2013.

Featured Broker Partners