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Miller Energy Resources, Inc. Message Board

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  • olejos olejos Aug 17, 2011 9:12 AM Flag

    New to this Message Board.

    Well, you found the "message board".Go up several lines and read the "key statistics."Check insider trading and see that the management buys shares at $....,See if the management is dumping its shares.Now add greed,short selling,panic,fear ,lies,anger,and try to come up with a formula that will help forecast the future prices.Stocks are the only game in town with bonds paying little and inflation debasing the dollar.Good luck make a few bucks (reinvest those too).

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    • Management has not sold any stock, even at the highs. The options for the board and the managers are at higher stock prices, too.

      They basically have picked up some Alaska assets at fire-sale prices, due to a volcanic eruption, oil price crash, and the inexperience/bad decisions of the previous operators. They believe with the correct application of technology and equipment they can get the redoubt field to again produce 4000+ barrels a day, maybe up to 10,000bpd.

      They have several other prospects in the area as well.

      But they are having some growing pains as well, such as a disgruntled ex-manager who didn't follow their "code of conduct". That could mean a few things.

      They also had a double-whammy of an orchestrated "Bear Attack" followed by thier own improper 10K filings. They switched auditors and have had to reclassify things, basically take them from one column and put them in another. So when a press release says "10K should not be relied upon" - it scared away more investors. Share price is a real bargain.

      My prediction of $8 came true in July, and MILL will be there again by year end, when the rig is put on top of the platform. After that,I predict $12 by next July.

      Search for my other posts.

      • 7 Replies to colecoman1
      • Colecoman...if your really in the market as opposed to just touting this stock...ask your self..WHY? there has been no insider selling. The answer is in front of you...read the terms and conditions imposed by the lenders on the big loan...those folks got every assest MILL has pledged and further prohibited any insider from selling any stock, except for some shares that had already been committed to be sold by an insider to pay off notes due on a new house. No insider sells!!!! YOU BET!!! but for all the wrong reasons! Absence of insider selling not an indication of stock strength but rather one of continued weakness in the case of MILL.

      • Concur, but Miller needs to rein in Boruff and give him a good ear boxing. Boruff got ahead of himself a bit. Miller needs to have Boruff get some callouses on his hands and some dirt under his manicure. Miller appears to be a real oil guy and son in law Boruff a real estate developer/investment banker that needs his ass kicked a bit.

        Put Boruff on a rig for a 30 day stint.

      • Shame Shame==count the misleading statements and numerous lawsuits, lies and god knows what else alleged==It is not only NOT a buy but a stay away from FOREVER

      • Great Post colecolman1. Factual, well stated and brief. There are people on this board that have researched the stock and there are those with alterior motives. You have to use your head, read the disclamers of the shorts and make your own decisions. I agree with Cole because I have put in the research as he obviously has too! If you put in a little work I believe you will reach the same conclusion. It sucks for me because I am heavily invested already but what a great buying opportunity for others.

      • Thanks for the Reply's.

        Good Luck to the Bulls!!

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