Now comes the wait until 6/7 am when they release earnings. I am not predicting good earnings, the losses will be pretty big and the well results will also not be good. However, the stock has lost 30% in the last month, so even not so good results could give a little rally. I hate company spin, but a good conference call, which provides some confidence to Wall Street would really help the stock price.
Earnings won't matter, TMS info will. EV is $1.3 billion, assets ex TMS probably worth $700 million. That would value the TMS at $2k per acre, fairly cheap for a premiere play, but that designation remains to be scene. Probably a decent bet at today's price. A decent well would push it a bunch higher, the nature of a developing play.
Hello Harehau, I haven't talked to you in a while. I saw a lot of your recent picks did pretty well. I had a nice run with ATLS after you recommended it. I think you have mentioned UPL before as being one of your favorites. I hadn't ever looked at UPL with any serious consideration until last night. Are you buying it at this level? These are the ones I'm liking right now:
UPL, GPOR, RRC, PDCE (another of your recommendations), EOX, COG, REXX, MMLP (this one is really battered and has a nice 8-9% yield at this price), EXXI. I want to narrow it down further. Which ones would you recommend against?