yes, I'm looking to earnings for our next big pop. With Cunningham cost savings he talked about in both meetins, and more oil coming online for them during this last quarter, not to mention the price of oil for the last quarter. I'm looking for them to cut their losses in half this quarter. It would put them right in track for positive eranings by year end. GLTAL :-)
Earnings will be a non-event. As they stated they think they will be cash flow positive by year end. Everyone know they will not be profitable in this qtr.
G&A will remain high, you had expenses associated with the ligitgation ongoing, you had severance for Kandle stil and others so SG&A wil stil be high.
The important number to watch is oil and gas revenues, they should be up AT LEAST 50%, Q4 '10 oil revenues were $388k, I am expecting about $650k if not more this qtr. Oil and gas revenue is the critical number to see where they are heaed.
Would they raise the guidance for the rest of 2011?
They would raise the BPD to 427 BPD! New gold and silver exploration finding would be discussed in conference call.
The next quarter should be close to $0.02 profit!
Just checking in and decided to correct the annoying spelling error in the subject line (LOL). As long as revenue increases I'm not worried about the bottom line although I think most of the drilling costs will be in the second quarter so the first quarter might not look that bad. Anyway I agree keeping G&A down is important I want to see top line growth which ultimately will be the key.
There is no bashers responce becuase I am not a basher !!! I have been in TIV for a long time .... maybe I brought you here Eddy.
I have just started to post here ... and elsewhere. I only bash if my truck needs loadin' up !!
I don't think that the numbers at Monday's report will be good - with all the capital expendatures and PR firm and the DOG and PONY shows .....BUT FORWARD GUIDANCE WILL BE GREAT !!!