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Iridium Communications Inc. Message Board

crrruncherr 9 posts  |  Last Activity: Jun 12, 2014 12:30 PM Member since: Jan 17, 2008
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  • crrruncherr crrruncherr Jun 12, 2014 12:30 PM Flag

    Nice eye opening work TEXX !
    Initially I was not exactly enthralled with the financing terms and conditions,I perceived the deal to be some what thorny,one sided and lacking merit.
    I harbored serious doubt about managements tractability of the deal,because successful deals just don't miraculously stand on their own two feet with out the value of proper management and oversight supporting it.You changed my mind on the merits and financial performance ability and viability of the funding and how it ties into HK's continued operational trade mark achievements and successes in the oil patch

    This stock could fly so high it may never come down !

  • Reply to

    TMS pad drilling

    by texxoil Jun 6, 2014 2:53 PM
    crrruncherr crrruncherr Jun 7, 2014 12:59 PM Flag

    Will drive valuation significantly higher and yes the play's geology is characteristically unique compared to some the other unconventional shale plays,much more challenging in determining best practices going forward.We can take some solace in knowing and trusting that the best of the best are burning the candle at both ends in an effort to adapt and overcome any challenges this play has to offer.

  • crrruncherr crrruncherr Jun 3, 2014 1:04 PM Flag

    Wow the other part of my post failed to go through.
    But as I was saying how can ECA,SZ,CRK,HK and GDP
    not to mention the private guys active in the acreage be so wrong and Devon be so right.

    It's safe to assume that these successful operators with invaluble combined experience and technical expertise in the oil patch did not entered the play with blind folds on.They have been assessing the geology and monitoring development activity in the play for an extended period of time and obviously liked what they've seen.

    It's about future expectations !

    In fact ECA holding sizable TMS acreage and also whom is no stranger to finding,developing and producing hydrocarbons sees production in the TMS eventually producing 50,000 bod.
    How does that do you for economics ?

    So similar potential would conceivably apply to the other TMSoperators,so don't look now,the future is closer to reality than shorty thinks.

  • crrruncherr crrruncherr Jun 3, 2014 12:38 PM Flag

    Devon energy is no idiot, they know that this field is not productive.

  • crrruncherr crrruncherr Jun 3, 2014 12:04 PM Flag

    Since you broached the subject of economics,drilling a dry hole,costs associated with it and losing money on it
    you need to enroll in school to learn a little bit about accounting 101.

    There are two accounting methods used by E&P's which one does GDP choose to use ?

    For you to talk with intelligence on how these expenses to which you refer are treated this is one important thing you absolutely need to know otherwise you're just whistling in the wind as a non factor,ACCOUNTING METHOD !

    Got it,so it's either the SE or FC accounting method.The accounting method affects how GDP net income and cash flow #'s are reported.So when analyzing E&P co's the accounting method used is an important consideration.

    Acquisition,exploration,development and production cost under the FC accounting method can be
    capitalized and moved over to the balance sheet as part of long term assets and be written off over time.
    So a dry hole can be capitalized under FC,under the SE the dry hole cost winds up as a loss on the income statement and deducted from revenues.

    You can send my fee for services rendered to my PayPal account.

  • crrruncherr crrruncherr Jun 3, 2014 11:10 AM Flag

    Casting aspersions willy nilly is transparent .He sounds like a broken record repeating his talking points over and over again to ad nauseam even though he couldn't provide a professional in depth analysis of TMS and it's operators if his life depended on it.I think the water is too deep for him here,,,he's outclassed on this board,big time.Looks like someone sent a boy to do a mans job,,,,funny.

  • Reply to

    At $9.88 I double my money

    by dsc20601 Jun 2, 2014 1:40 PM
    crrruncherr crrruncherr Jun 2, 2014 5:57 PM Flag

    Pathological liar.

  • crrruncherr by crrruncherr Jun 2, 2014 5:54 PM Flag

    Someone said based on production data the stock is worth a couple of dollars,that's the kindergarten and oversized crayons in you talking....funny stupid.
    Typical short and distort approach.
    The TMS asset alone currently is worth 8x that and climbing with each ensuing 1,000 plus boed well drilled across the play.
    Show us the math that get you to a couple dollars worth of valuation,of course you can't because it doesn't exist and you're obviously clueless when it comes to valuation methodology of E&P co's.
    Could see some more weakness to snap up tomorrow.

  • crrruncherr crrruncherr Jun 2, 2014 4:34 PM Flag

    Case closed.Swift Energy not looking very swift

IRDM
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