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Infinity Energy Resources Inc. Message Board

  • gashunter99 gashunter99 Aug 26, 2007 11:24 PM Flag

    Elmo, Elmo, Elmo!!!!

    Elmo, Elmo, Elmo:

    Lets take your issues in your order:

    �Free cash flow = cash flow from operating activities less cash used in investing activities.�� Pretty simple and all straight from the cash flow statement in the Form 10-Q or Form 10K. �. Your convoluted definition of EBITDA - required financing costs (WTF does that mean? � is a meaningless non-GAAP joke and no one uses it - and firms are not allowed to put it in SEC reports like the Form 10-Q or Form 10-K.�

    FYI:
    Your free cashflow is no more a GAAP term than my definition or EBITDA, none of it allowed in SEC documents (without specific definition & then limited) because its not GAAP as I previously pointed out. Reason mine is used is that non-cash items, positive and negative, flow across all parts of the income statement and cashflow statement ( operations, investment, financing) and you have to pull all to look at true potential cash generation and true cash consumption.

    No one �uses it�. Really? I guess all of those years I spent in energy finance we did not know what we were doing. I�ll have to tell all my old colleagues that NI + Non-Cash expenses � Capitalized finance Costs � scheduled ppl payments,before discretionary capex, etc does not mean anything when evaluating a company�s ability to repay debt obligations.

    �Your definition ignores discretionary CAPEX (CAPEX is usually mostly discretionary), cash income taxes, preferred dividends and cash settlements of derivatives and other non-operating cash events.�

    FYI:

    Wow �discretionary� cashflow that, by definition, is before �discretionary� decisions. Before you actually commit capital $, its kind of nice to know what you are generating as �free� $ internally is it not? (that�s a rhetorical question). We do not use this matrix in a vacuum, boob! YOUR DEFINITION does not capture your mentioned �required� preferred dividends, non-op derivative settlements or capitalized interest (IFNY capped the majority of theirs in 2nd QTR) or any required ppl payments which all have a senior call on cashflow over capex. All of previous are in the finance component of the cashflow statement - Not included in your Free Cashflow Def, but, if recurring, included in my def. FYI Elmo, the previous is what makes up your �WTF that�s means" regarding �required financing costs�. Silly me, I thought is was basically self explanatory.

    Now to what you ignored. From the 2nd QTR Press release:

    ��I am very pleased to report that Infinity was cash-flow-positive in the second quarter�" stated Stanton E. Ross, President and Chief Executive Officer of Infinity, Inc.��

    Ross repeated in CC. By your definition they were �inaccurate� but by mine they were telling the truth. Care to clarify.

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    • """ I could care less about IFNY's production numbers and I am pleased that you are wasting your time with TXRRC calculations - probably all lies on your part anyway. At any rate, I bet their wells are better than Peak's and Peak got $3K per acre.""""

      Elmo cracks the code in Erath by realizing IFNY doesn't have to make good wells to get $3000 per acre - even though XTO wells in Hood county on the Peak acreage are making about 5-10 times what IFNY wells are making.

      Elmo, you crack us up with your perseverance of naivity, or dishonesty....which ever it is.

    • """ I could care less about IFNY's production numbers """

      We realize this elmo. You have made it sublimely evident that you only invest in IFNY for the tax write off. How many times have you thrown your hands up and sold out now with huge losses? I can remember two or three times.

    • Half_baked, you are a meathead. I could care less about IFNY's production numbers and I am pleased that you are wasting your time with TXRRC calculations - probably all lies on your part anyway. At any rate, I bet their wells are better than Peak's and Peak got $3K per acre.

      All that matter is that they figure it out, with or without a partner, and the price goes up. They could drill 10 more bad wells and then figure it out, and I will be just fine.

      Not a seller, but a buyer at some point and I figure I can wait five years for this baby to pay out. Not a great gas macro or stock market right now so I am not in a hurry.

      I must add that the shorts have not adequately responded to my defrocking of them and that is proof that they have misled this board for years and no one, until now, has had the balls or brains to put them in their place. For goodness sake, they don't even know how to define free cash flow. What a joke.

    • No comments from the longs regarding the production numbers?

      oregorobby? elmo-regano? orega-ulator_nm?

      hmmm...did you all finally sell?

    • whiney OLD MAN you would have us to believe that anyone in that demographic would waste their time on the message board of a micro cap E&P company such as Infinity. You have got to be kidding! I suppose BShaef the SS recipient is you poster boy. What a JOKE!

    • <<luxury cars and foreign travel>>

      Well that explains orega-elmo's winter cruises to Alaska and bike rides through polluted China.

    • Big E commented:

      "I am an early riser and that I don't post during business hours. That is because I am not a daytrader. BShaef and all the other posters are obviously not employed or are daytraders or, I guess, they could bring their own personal computers to work in order to post on the IFNY message board all day long..... Not in the real world."

      From the 7/19/07 Time Magazine:

      �Demographic data reveals that today's message board user does not belong to the typical uber-geek segments of the 90s. ..... The predominant users of financial discussion boards are male (77%), over 55 years of age (35.8%) and members of the most affluent segments of suburban society. According to Hitwise and Claritas, a company that segments the U.S. population by consumer behavior data, the typical financial message board poster lives in the world of large homes, expensive clothes, luxury cars and foreign travel, and holds the largest share of the nation's personal wealth.�

      Does not sound like those "obviously not employed or ... daytraders" or those "9 to 5'rs" who cannot check board postings while at work.

      Now look on the sunny side of life. Every group has to have a minority component!!!

    • you forgot to address this part of the post---

      for June gas and June pending from tx rrc

      24 wells made 80,464 mcf
      divided out that is only 111 mcf per well per day. OUCH!

      throw out the "0"s and a couple of other low numbers
      17 wells made average of 157 mcf per day per well

      only include the top 6 wells shown
      52950 mcf/6wells/30 days=294 mcf per well per day.

      takes a while to pay that investment back, eh?

    • half_baked OLD MAN you are sounding more and more like our favorite board expert BShaef.

    • for June gas and June pending from tx rrc

      24 wells made 80,464 mcf
      divided out that is only 111 mcf per well per day. OUCH!

      throw out the "0"s and a couple of other low numbers
      17 wells made average of 157 mcf per day per well

      only include the top 6 wells shown
      52950 mcf/6wells/30 days=294 mcf per well per day.

      takes a while to pay that investment back, eh?

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IFNY
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