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Transmeridian Exploration, Inc. (NASDAQOTH:TMYEQ)

CAPS Rating: No stars

The Company is an independent energy company engaged in the business of acquiring, developing and producing oil and natural gas.

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All Players

79 Outperform
17 Underperform
 

All-Star Players

6 Outperform
6 Underperform
 

Wall Street

1 Outperform
0 Underperform
 

Top NASDAQOTH:TMYEQ Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

bhessel (36.69)
Submitted November 28, 2007

Transmeridian Exploration's (TMY) cardinal asset is their license to develop Kazakhstan’s South Alibek field. There are 72.9MM BBLS of proven reserves there, and TMY has a market cap of $322MM, which means that the company’s oil is being valued at… More

Allenprice (< 20)
Submitted February 06, 2007

Tmy is connecting to the Petro Kahastan pipe line to China and 90 percent of tmy oil will go into that pipe line.Also the increase in bbd will generate income, I believe, of over $50MM and that is at a cost of $30 per barrel.They are currently… More

NASDAQOTH:TMYEQ VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about TMYEQ.

Recs

5
Member Avatar bhessel (36.69) Submitted: 11/28/2007 9:11:38 AM : Outperform Start Price: $3.80 NASDAQ OTHER:TMYEQ Score: -225.43

Transmeridian Exploration's (TMY) cardinal asset is their license to develop Kazakhstan’s South Alibek field. There are 72.9MM BBLS of proven reserves there, and TMY has a market cap of $322MM, which means that the company’s oil is being valued at $4.42/barrel…a more reasonable valuation with the price of oil around $60/barrel would be between $10 and $15/barrel. How can this be?

The main problem is that it doesn’t seem to be that easy to get the oil out of the ground. The Soviets drilled a couple of dozen exploratory wells back when Kazakhstan was part of the USSR but never found anything compelling enough to develop immediately. More to the point, TMY have been trying for several years to pump just a few thousand barrels a day and failing. The geology is apparently quite challenging, and consequently, it seems likely that the field may not have been economic back in the days of $10 and $20 oil.

TMY need to produce at least 4000 bpd to breakeven on operations, and 6000-to-8000 bpd to be able to service their considerable debt and continue their drilling program. (They have developed only 8% of their proven reserves, so drilling more holes is most definitely a necessity.) In 2005, the only produced 1100 bpd, but as most of that was being sold to the Kazakhstani government at $8/barrel, investors did not fret much over the lost production. We are expecting production for 2006 to at least double to north of 2000 bpd, and for income to improve even more with a significant portion of that production now reaching the world market (we will know for sure when TMY release their 4Q06 results in March).

But 2007 could be the year that Transmeridian achieve a breakthrough. There are currently a record six drilling rigs either creating new holes or (hopefully) improving production from existing wells. We anticipate that production should attain 4000 bdp by the end of 1Q07, and exceed that level in 2Q07. In addition, we expect in 2007 that the company should be able to transport their oil via pipeline instead of truck/rail, thus cutting expenses, and that with the completion of their storage facility by mid-year, they should be able to sell all production on the world market (lack of storage forced them to sell a significant proportion into the local market at steep discounts in 2006). If they can ratchet production up to the 6000-to-8000 bpd range, they should be able to service their debt and afford additional drilling without the need to raise additional capital (which would require issuing more stock thus diluting the value of the stock already out there, obviously an undesirable result for current shareholders).

Recs

0
Member Avatar againstthenorm (42.37) Submitted: 11/15/2007 10:54:27 PM : Outperform Start Price: $1.82 NASDAQ OTHER:TMYEQ Score: -213.52

The company has to sell the company; otherwise, they will likely miss on interest payments. I think we will see a buy-out between $2.50 to $2.75 by December.

Recs

0
Member Avatar kjhaveri (53.43) Submitted: 11/2/2007 10:32:59 AM : Outperform Start Price: $2.15 NASDAQ OTHER:TMYEQ Score: -207.72

multiple bids for buyout

Leaderboard

Find the members with the highest scoring picks in TMYEQ.

Score Leader

Joe1962

Joe1962 (52.30) Score: +226.73

The Score Leader is the player with the highest score across all their picks in TMYEQ.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Joe1962 52.30 3/7/2007 4/1/2008 Underperform 3Y $3.46 -99.98% +126.75% +226.73 0 Comment
smoaky < 20 12/5/2006 Underperform 5Y $3.50 -99.98% +125.59% +225.57 0 Comment
woodsst 76.13 12/11/2006 Underperform 5Y $3.82 -99.98% +123.82% +223.80 0 Comment
rku758 < 20 12/14/2006 Underperform 3M $3.50 -99.98% +123.13% +223.11 0 Comment
Made4WallStreet 69.16 12/29/2006 Underperform 1Y $3.54 -99.98% +122.84% +222.82 0 Comment
malcman 87.47 1/18/2007 Underperform NS $2.86 -99.98% +121.09% +221.07 0 Comment
whitewolfkiba 75.45 4/5/2007 Underperform 3M $2.56 -99.97% +119.44% +219.41 0 Comment
Allenprice < 20 2/6/2007 Underperform 1Y $3.43 -99.98% +118.84% +218.82 5 Comments
FreshAir2142 < 20 1/3/2008 Underperform 3W $1.92 -99.96% +115.42% +215.39 0 Comment
KramerHead 22.47 5/16/2007 Underperform 5Y $2.09 -99.97% +109.07% +209.03 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 86.32 5/8/2006 Outperform 3W $6.67 -99.99% +141.19% -241.18 0 Comment
TrackJimCramer 86.32 4/11/2006 Underperform 3W $5.44 +22.61% +2.96% -19.65 5/8/2006 @ $6.67 0 Comment