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Amgen, Inc. (AMGN) Message Board

igmos00 3 posts  |  Last Activity: Aug 1, 2014 11:45 AM Member since: Jul 10, 2008
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  • Reply to

    Problem is the TMS had issues

    by igmos00 Aug 1, 2014 9:59 AM
    igmos00 igmos00 Aug 1, 2014 11:45 AM Flag

    I don't want to flog a dead horse here but I understand the geology is tricky but the hope was that the issue was to target the correct zone. The problem here is that they have jumped into this play and have already had two other plays go south on them. So if it is so challenging why not go slow. Otherwise the market will connect dots right or wrong. There is Woodbine, Utica and now TMS? Look I realize the Utica is unrelated. But the point is that sequence of wells in the TMS was very, very important as I said before. So take your time sure. But get it right and tell the market you will improve drill time. Now there is someone reporting flowback. If true why not wait a couple of days to release the news. If not true then what's with the rumors. So this situation can in fact get worse still. HK needs to be careful here in my personal opinion.

  • Reply to

    Problem is the TMS had issues

    by igmos00 Aug 1, 2014 9:59 AM
    igmos00 igmos00 Aug 1, 2014 11:10 AM Flag

    Look I phrased as a constructive comment but the truth is they should have done it already. I wrote sometime back that the sequence of wells matters a lot. It is ok to take your time to drill but the well has to work and overtime you can bring down the drill time. So either it is poor execution or the TMS is truly challenging and either way it is not good.

  • So no matter how well everything else is doing at this point the company has to show that they have a handle on the TMS and they didn't really do that from my reading. If they continue to have issues then it is hard to see how the costs will come down. If I were running the show I would assemble a team to take a deep look at why some wells are experiencing issues and others are not and make sure performance can be consistent. A lot is riding on this both for GDP and HK. IMO they will likely get there but valuations are high and it has been demonstrated yet.

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