since Iran announces cuts in sales to England/France today-- price of oil will probably spike Mon/Tuesday
Miller needs to get in high gear to take advantage of these new prices.
One thing about your valuation that you need to take into account is that the larger company has lots of debt and Miller does not. So its market value is dimished by the debt. Miller does not have the debt and so if it gets its production there where you are thinking, could actually be worth quite a bit more as it does not have the interest and principal payments to make.
hey PVX (or your alias doinoktoday) -- take another look at MHR (your suggestion), seems that their price has almost been cut by 40% in less than 60 days since your reccomendation.
Seems like doing the opposite of your advice is the best policy
KOG sold 7,195 BOED in 4th qtr 2011, 2.09B MC
Using exactly the same calculation for valuation:
MILL = $35.50
This number is meaningless though because we all know that valuation is so much more than BOED
MHR was b touted on Cramer's gig last week -- and while that is always good for a quick pop, Cramer has his own agenda, and may very have shorted AFTER his show when the stock went up. You never know with him.
MHR? Really dude? You just clearly showed me how little you know about valuations. Like the other poster pointed out yes they have way more O/S, over twice as much debt and an enormous short position going on in that thing with over 40% of the float short. Clearly someone knows something there.. MILL has a strategy, that if executed properly will propel them much higher as they will have cash flow coming out of their ears which will help fund their operations and provide capital to pay down their debt. And yes I still believe 30 is possible. If they execute.. I'm betting they will, and the fact that oil is about to jump to 140 again. Good luck with your pointless bashing.