I think many shorts front-running the seeking alpha article are still stuck in the trade. If Mill comes out with some big RU9 results next week, they are going to be asking for refunds on their over-priced seeking alpha pro subscriptions.
Wonder how many of these idiots will get it together long enough to put solar panels on their roof? Very few probably, but maybe someone will do it for them. Great timing for CBDE to launch in NY.
The People’s Climate March drew more than 310,000 people to New York this weekend, organizers said, tripling the original forecast. Demonstrators, including homeowners flooded by Hurricane Sandy, New York political leaders and indigenous people fighting oil companies in Latin America, chanted, sang and danced in an appeal to global leaders to act on climate change.
Wonder how many of the hipsters at the massive NYC climate rally, will put the beer and joints down long enough to actually do something and put solar panels on their roof? Probably not too many - LOL. Maybe their landlords will do it for them though.
Here's more from the Bloomberg article including plans by NYC to install solar on city buildings and add massive amounts of new regulations. It brings tears of joy to my eyes as I read this stuff and recall my decision 25 years ago to move out of NYC.
Improvements to city buildings include better lighting and boilers and the installation of solar arrays. All structures of more than 25,000 square feet (2,320 square meters) will have to measure and disclose their energy use. The mayor also proposed financial and regulatory changes to propel the changes.
With far left wing socialists like DeBlasio running things in NYC, what a great opportunity for solar companies like CBDE to do both small scale and large scale projects. Put massive taxes on electricity, give massive subsidies to solar and it becomes a no-brainer for people to put panels on their rooftop. My 7.5KW rooftop install should be completed next week. Thank you Delaware taxpayers for the $4,900 subsidy.
City aims to reduce its greenhouse gas emissions 80 percent by 2050 from 2005 levels, beginning with a plan to retrofit public and private buildings.
Every municipal building that uses significant amounts of energy, about 3,000 structures, will be improved by 2025, Mayor Bill de Blasio said in a statement today. The city will give private landlords incentives and, later, mandates to ensure their buildings pollute less
The recent insider buying, increased IR activity, operational updates and conference presentations are certainly a great start at taking it to the shorts. The efforts at cost cutting and making management more credible are also positive. Accretive acquisitions are always nice. Some joint venture announcements and 3rd party processing customers would be great. Some big well results and a couple of Keybank borrowing base increases would be taking out the big guns.
Insiders are allowed to buy stock because for example they are excited about near term drilling prospects. They've told the public they expect RU9 to be a producer. The reserve engineers have added reserves for it and that's been disclosed to the public with other updates. As long as they promptly disclose the buys they are fine. Believe me, they are not buying without checking with the lawyers first. If RU9 happens to be a 1,500 bopd well instead of the 750 bopd it was budgeted for, they are fine. It's not like they bought in secret. They disclosed the buys immediately - faster than they were required to. Anyone can see the buying and draw their own conclusions. That's how the system is supposed to work.
I think people are more interested in recent insider buying. Strategies for finally bringing in some joint venture partners and third party customers to monetize midstream assets are of interest. Bargain acquisitions and the possibility that RU9 could be the next blockbuster well are of interest. If they announce huge results for RU9 next week, it's not going to matter how slick the presentation is.
The logic is pretty funny. Mill gets a good deal on a forced asset sale, so the same valuation should be applied to the whole company?
Is this one clear enough for even you to understand gasoil?
Explanation of Responses:
( 1) Mr. Sherman purchased a total of 25,000 shares on the open market on September 17, 2014, at an average price of $4.98 per share. These shares are directly held by Mr. Sherman.
( 2) Mr. Sherman, indirectly through the Arthur H Sherman - Rollover IRA, purchased a total of 5,500 shares on the open market on September 17, 2014, at an average price of $5.05 per share.
Explanation of Responses:
( 1) Mr. Boruff purchased 100,000 shares in the open market on September 18, 2014 at a weighted average price of $5.03.
Is this excerpt from filing clear enough for even you to understand?
Explanation of Responses:
( 1) Mr. Sherman purchased 4,500 shares on the open market on September 19, 2014, at an average price of $4.80 per share.
Some of the recent buys were open market buys. Not grants. Not options. Learn to read an SEC filing before you post your ignorance.
gasoil, can you really not find the insider filings? You can see them from yahoo just by clicking on insider filings for mill. It doesn't take 3 days to show up. They already filed for the buy on the 19th. A time limit doesn't mean it's illegal to file it earlier. I can't think of such an embarrassing post since someone suggested that Mill would never get a bank credit line and then that the keybank syndicate was too small to honor Mill's credit line Oh wait, that was you also. Maybe you should switch ID's after those whoopers or this new one.
There is huge front running going on with seeking alpha for their long and short articles. Seeking alpha pro is a high priced front runners club. No doubt some piled into the short trade right before the article hoping to make a quick killing. That trade got rejected badly on Friday. I'm always happy to see the front running crowd lose money (unless they were smart enough to cover rather quickly). Of course seeking alpha mailed the article out to everyone later in a failed attempt to bail out their high priced front runner's club. Somewhere the world's smallest violin is playing in sympathy for fat cats that lost money on that trade and in the background you can hear me LMFAO.
Pull up the 1 year chart of BPZ. It was a 2 stock in March and spiked higher on some big well results that were disclosed during a conference. I'm not saying that it will happen, but they will be at a conference and I think they are due to announce some well results. Let's see what happens next week.
The Director who got canned complained that Gov Richardson often missed Board meetings. Doubt he's good for much.