Seems like ROX's quality spirits would be an ideal fit for Constellation's portfolio of brands. Gosling, Jefferson and some others could really take off with wider distribution. I haven't heard any rumors but it's an intriguing possibility.
Big holders dumping today. May close under 7 tomorrow. What's up? Is there bad news that hasn't been announced yet? The company could get in lot of legal trouble over the recent PR they issued blaming short sellers for the decline. Short selling doesn't account for what we've seen the last few days. Stock price set a new 52 wk low today.
How do you know CBA is paying more than their competitors for distribution ? I'm not doubting you, just curious where the information comes from.
B Riley just threw Wet Seal a lifeline. Possible there's a similar arrangement being planned for CACH? Riley has had a continuing relationship with Cache for some time, and during the last conference call, their analyst didn't seem surprised or put off by the #$%$ numbers.
Cramer is just a manipulator. You don't know his motives. Two weeks from now he could be pumping TPLM.
I don't think the lack of interest will last. If this company continues on grow, there's going to be some interest from institutional investors and mutual funds. Right now, though, the company is new, little known, and has no history as a publicly traded company, so we'll just have to be patient.
If US companies were allowed to export oil freely, what the Saudi's are doing wouldn't be such a problem. This is where the clowns in Washington have really messed up. Don't you love what a great job Obama has done in defending the US oil industry?
I pretty much agree. I was following the LEE story for a while, and I can see all kinds of possibilities for MNI going forward. Thanks for those insightful comments, and good luck.
Looks like some big holder wants out and keeps dumping shares. That's a guess on my part, though. I'd be interested to hear some other opinions.
Care to elaborate on what you think is going to happen?
That $75m non-recourse loan is huge. Wonder how many small oilers like Terrace could have gotten that kind of financing.
Agreed. I'm a former Contango shareholder myself. Ken Peak was one of savviest guys in the oil business; since he departed this is a different company.
I met Keel and Grady at a conference earlier this year and wasn't real impressed. Not sure what those can do.
I don't think very many of the rights were exercised because they were priced too high. Because of that, the company was forced to do the secondary to raise the cash they needed.
I've been a daily lurker on this board for some time, but the arrival of some new posters from the ESTE board have given me cause to post here now.
Recently I met some of USEG's management. Keith is extremely positive and upbeat about USEG's future in the oil business and in the Buda, and it's easy to infer that this is where most of the company's attentions will be focused. The company seems to have a good relationship with Contango and anticipates partnering with them for some time. In addition, USEG will continue to invest in small fractional interests in Bakken wells, which are operated by some of the best companies working in the Bakken.
Natural fractures in the Buda formation have been a boon for drillers and really keep down drilling costs.
USEG's sale of the uranium property a few years ago financed its entry into the oil business. Their investment in that property has been fully paid back and anything else they get would be icing on the cake. The moly mine in my opinion is a distraction that I wish the company didn't have, but good success in Buda should make it much less significant.
Contango earnings tomorrow after market close.