It isnt important what you call yourself.i'll let that slide.For over 2 years I have been trying to get a short to give a logical explaination for his position.With in my own BIAS parameters , i somehow do not feel that Mill is comparable to SPY;the top 500 companies in America (none seem to have a neg P/E,and different types of companies,,,,i.e.pizza delivery vs Oil co?????). A good comparison should be" like for like".Not just any oil co.They need to be exploring and producing is very specific markets.This Mill is a vision/value play where I expect them to produce in proven areas with new technology , and product prices .It is fracted to not know what stage the 2nd Tennessee well is at.Beta(on the quote) 2.97=2.97 more volatile than the market.A well planned scam wouldn't waste $ on a $19 million dollar Big Gun rig like the National 1320 siting atop Osprey.If this thing goes big I will stay up all night wearing a lampshade ,wearing a leopardskin jacket ,playing the Ukelete while Colecoman does the background scratch dj gig.Can we hear a few unemotional ,logical abstractions to your "go short" position ?
Hmmmmmm....I got a friend of mine who owns 2400 or so oil and gas wells in Pennsylvania to invest in Miller. He just finished up 12 new wells in a row in the past few weeks (3000-5000ft). He then looks over at Miller and sees no progress that suits him and he sold out. He is fascinated with the horizontal wells in Tennessee and likes that part a lot.