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Miller Energy Resources, Inc. Message Board

foreverwhiteroses 16 posts  |  Last Activity: Jul 24, 2014 11:51 AM Member since: Jul 16, 2004
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  • Reply to

    A question?

    by bigbear.2010 Jul 24, 2014 10:34 AM
    foreverwhiteroses foreverwhiteroses Jul 24, 2014 11:51 AM Flag

    I tried posting before but it apparently didn't take... IRB - why would there be new offering to cover the cost of purchase when the acquisition is 100% shares? Yes, there'll be shares issued to QRE shareholders, but I don't think that will be "dilution." bigbear - one definite reason for the selloff is the arbitrage effect.... Arbitrageurs typically sell the acquirer and buy the acquired to take advantage of the spread between what will eventually be identical equities. I think (I could be wrong) arbitrageurs are even more likely to take this traditional stance when a deal is all shares, no cash, as this one is. For example, as I write, BBEP is at 22.31 and QRE is at 20.55, BUT, under the terms of the agreement, 1 share of QRE will be worth .9856% of a share of BBEP or 21.99. Arbitrageurs will try to lock in that spread of 32 cents by selling BBEP and buying QRE, locking in riskless profit over time assuming the deal goes thru. It's the arbitrageur's job to then have a good read on the likelihood of the deal to go through and the timing of it to figure out whether or not the yield spread is sufficient for them to jump on the trade.

  • foreverwhiteroses foreverwhiteroses Jul 24, 2014 10:51 AM Flag

    I do wonder the same thing, but having said that, they say in the merger announcement they are recommending an INCREASE in the dividend to 2.08 annualized based on it, so I guess mngmt's feeling OK with it.... Coverage ratio for QRE was something like 1.1x going in.

  • Reply to

    Can the Dividend go to $.25 per Quarter?

    by honestaccts Jul 23, 2014 7:58 AM
    foreverwhiteroses foreverwhiteroses Jul 23, 2014 9:24 AM Flag

    I wonder why TMO hasn't had a stock split since 1996? Based on historical prices it would seem to be way overdue....

  • foreverwhiteroses foreverwhiteroses Jul 15, 2014 9:56 AM Flag

    It's obvious you just don't get the concept. WLL did not agree to buy KOG for 13.90. They're buying it using a different medium than cash - their own shares. They're buying it for .177 shares of their own stock for each share of KOG. Assuming no change in terms and no emergence of another offer from any other company, just your thought that KOG could now go to 30 if WLL goes to 100 proves you don't understand the concept or the effects of arbitrage. If WLL goes to 100, KOG can only trade around 17.70 only, probably a little less until the deal is closed, because the two companies' shares are now essentially the same security.

  • Reply to

    Why did WLL rise 7.69% after buying KOG

    by nsleesman Jul 14, 2014 6:29 PM
    foreverwhiteroses foreverwhiteroses Jul 14, 2014 8:24 PM Flag

    Your comment implies that to you no all stock deal for any company has ever been done that was fair for investors because none of them can provide the shareholder with a dollar value.... Somehow, I think there's a whole lot of shareholders around the world who have been involved in all stock deals who would disagree with you... Yes, absolutely it seemed awfully strange to have a nominal "takeunder" in this case, but right now, I own .177 shares of WLL theoretically for each KOG I own. What's good for WLL is good for KOG. Do I think we got the best deal possible? nope... but still, your thesis doesn't hold water. It's not necessarily bad just because the structure doesn't allow you to produce a dollar amount per KOG to be able to value the deal.

  • foreverwhiteroses by foreverwhiteroses Jun 30, 2014 4:06 PM Flag

    Press release on website as of today that settlement for the 25% stake in Langer Heinrich to China Uranium for $190 mil US will be on July 23rd. That should take some pressure off!

  • Reply to

    input

    by gta0089 Jun 16, 2014 3:01 PM
    foreverwhiteroses foreverwhiteroses Jun 27, 2014 8:13 PM Flag

    Apologies for redundancy, lousy pre-posting editing and grammar.

  • Reply to

    input

    by gta0089 Jun 16, 2014 3:01 PM
    foreverwhiteroses foreverwhiteroses Jun 27, 2014 8:07 PM Flag

    Joe - I appreciate your willingness to ask questions but I think the best thing you can learn from this situation is how to do due diligence... It's obvious from your questions that you need to know how to do your own research. One of the brightest salesmen who ever worked for me constantly asked questions including questions he knew the person he was questioning shouldn't answer. He found out more that way than any other salesman I ever knew, but still, what you need to do is figure out how to do your own research. It's great to be willing to ask questions, but without the basic knowledge to be able to discern what's being said on yahoo boards is accurate, the odds of absorbing only accurate info are very poor.... Having said that, I suggest you walk away from this one until you have a better grasp of personal due diligence.

  • Reply to

    Why has this board

    by ajjones22156 Jun 13, 2014 11:13 AM
    foreverwhiteroses foreverwhiteroses Jun 17, 2014 10:12 AM Flag

    Being the contra indicator I seem to be, probably one of the best things is has going for it is that I've lost faith. First off, I can no longer believe in Clipstream as a "disruptive" (don't you hate this now highly overused concept?) technology. If it were to truly to be disruptive, there'd no way DSNY would go 6 months since announcing marketing without any major announcements. I have no idea what's not to like about Clipstream, but apparently there is for the big guys in a position to utilize it. So now you have a company willing to ramp up expenses by hiring a sales force for Clipstream paid for by the supposed cash cow revenues from Play MPE, thus it seems logical to be expecting higher expenses, essentially no new revs from Clipstream, constant revs from Play MPE and, therefore, DSNY falling into a loss for the quarter and perhaps a substantial one... And as far as the directors buy-in? Well that smacks of desperation in my mind, not something to like..... Sorry... don't mean to bash - just sharing the reasons why I've thrown in the towel..

  • Reply to

    Today's S-8 Filing

    by foreverwhiteroses Jun 12, 2014 6:37 PM
    foreverwhiteroses foreverwhiteroses Jun 13, 2014 10:27 AM Flag

    Thanks, Brooklyn - That's what I was thinking too, however, I'm a bit more cynical about it than you. To me, by the shear size of the authorization, it seems like a potentially massive transfer of ownership of the company from outsider common holders back to the company employees and/or management. It sure seems to have the potential effect of massive dilution to my percentage ownership, which is a trivial amount btw.

  • foreverwhiteroses by foreverwhiteroses Jun 12, 2014 6:37 PM Flag

    Can anyone explain the meaning of this S-8 filing today nominally talking about 100 million shares (with only 216 million now presently outstanding) at maximum proposed price of $7.09???? And restricted stock units to be given away???? What is this???

  • foreverwhiteroses by foreverwhiteroses May 22, 2014 10:47 AM Flag

    Many scientists would argue as follows, "A truly unobserved event is one which realises no effect (imparts no information) on any other (where 'other' might be e.g., human, sound-recorder or rock), it therefore can have no legacy in the present (or ongoing) wider physical universe. It may then be recognized that the unobserved event was absolutely identical to an event which did not occur at all."

  • Reply to

    Reverse Split

    by chriscummings22 May 19, 2014 10:37 PM
    foreverwhiteroses foreverwhiteroses May 21, 2014 12:10 PM Flag

    Well, what's interesting is the historical credence of what you say about reverse splits and the likelihood that that historical propensity for a r/s to not alter a stock's slide may actually be fueling on technical ground what's happening now, despite the fact that imho Jason is doing some very impressive house cleaning to enhance future growth. In other words, what may be fueling the slide now has nothing to do with nor is it commentary on whether or not mgmnt is successfully turning around INVE's fortunes, and everything to do technicals oriented traders who may know nothing about INVE specifics acting on the historical effects of reverse splits in general.. If one knows nothing about INVE but does know about the technicals of a reverse split's impact normally, then that person might very well jump on the trend. However, just as a reverse split in of itself doesn't impact a company, only its shares, a reverse split in of itself does not tell you anything of what is going on in a company internally at the time. There's nothing about a reverse split in of itself that guarantees the stock tanks. There's just historical evidence that MOST reverse splits are done for the wrong reasons. IMHO, this one would not be done for the wrong reasons..

  • Reply to

    New offering

    by evetsnibur May 16, 2014 12:36 PM
    foreverwhiteroses foreverwhiteroses May 20, 2014 11:47 AM Flag

    The preferred as BBEPU is already described on quantumonline and the call feature doesn't come into effect until 5/15/19.

  • Reply to

    New offering

    by evetsnibur May 16, 2014 12:36 PM
    foreverwhiteroses foreverwhiteroses May 20, 2014 10:52 AM Flag

    Coochy - What have the rating agencies said about the issue? They haven't rated it, have they??? I see where S&P rates senior debt B+, so I can't imagine BBEP wanting to get these junior securities rated... And given they are junior, and, therefore, not that far above the equity, are the preferreds really a good deal at 8 1/4% with the stock divvy at 9 3/4%?? I originally thought I mike take a stab at the preferreds just for the stability of payment vs. the stock, but with the recent history of slowly increasing dividends consistently over the past few years, it hardly seems worth it to me... Opinions?

  • foreverwhiteroses by foreverwhiteroses Apr 29, 2014 8:58 AM Flag

    Anybody have an opinion about the likelihood of a secondary being announced shortly after the earnings report? It seems as though they're overdue for one and timing's always best right after a quarterly report....Thoughts?

MILL
4.99-0.18(-3.48%)Jul 28 4:04 PMEDT

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