+ Watch MILL
on My Watchlist
Lawsuits notwithstanding, Miller's Alaskan assets have the real potential for significant production.
The rebuttal of allegations will come in the form of increased production and sales. The Osprey platform will be drilling again around Thanksgiving and payoff by mid January. If it produces according to projections or better, then one must begin to trust their reserve estimates.
The shorts have had their moment, and the sharks are attempting to grap their pound of flesh, but when all is said and done, there is oil and gas in the Miller resource bank. They will continue to produce oil and gas, they bought these assets on the cheap, and they have a thirsty market for their gas. They will produce huge profits for their shareholders, of which I am one. I will continue to add to my position,as i believe they are selling for less than book value at these prices.
The amended and certified audit by KPMG confirmed the reserves and there was no or minimal corrections to the audit in question by Streetsweepers. This is public knowledge and why was that not mentioned by Motley Fool? Pls advise.
its a buy
reserves no existing in the property of the company in Alaska, as the drillings should prove in the coming months.
This company is a joke.
Street Sweeper negative Report. Seems to be fraudulently valuing assets on the books.http://thestreetsweeper.org/undersurveillance/Miller_Energy__Is_This_Hot__Alaska__Stock_about_to_Melt_
This company had the nerve to purchase a more than $500 million company in bankruptcy ( for 3 million dollars) at a time when oil prices were in the trash can. The company came with a man who has been working on these wells for more than 20 years and he has 3,000,000 options as incentive to make this work. Those options were worth nothing when they were granted. The accounting looks strange because of the bankruptcy purchase but it is correct. The company has started turning on this oil company that was completely shut down and Alaska has offered some tax incentives on certain of their payments and deferred some bond payments.These guys have a lot of guts and have some experienced people on the team. Even with the options dilution, this could be a home run unless oil prices stay below $60. They already have production over 1,000 barrels a day while incurring only modest debt so far. When they get to the point that they can borrow some money to turn the company on at a faster pace, this stock could soar. The bankrupt company had $500 million in debt that is now gone.
Slow mover but expect to outperform79 64 8375 26 100
Rapid growth potential.
Based Huntsville, TenesseeConsidering standard financial metrics, this stock is a miracle.Reading the Ultralongs blog on how it achieved that - by revaluation, when they boughtbankrupt property and revaluate it. This certainly is not O.K. and something is stinking here.Accounting can be very creative part, and this is clear example.If you buy land for 1M and revalue it to 492M then I'd like to see the fool, who buys that from you for the new price. I really do.
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