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Timberline Resources Corporation Message Board

infr0mthecold 3 posts  |  Last Activity: Jan 22, 2015 1:06 PM Member since: Apr 3, 2010
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    Schiller is the greatest

    by you_twit_face Jan 21, 2015 12:32 AM
    infr0mthecold infr0mthecold Jan 22, 2015 1:06 PM Flag

    Appreciate Schiller. He sure helped make me a ton of money in 2009 to 2011 as they rose from $0.25/share after the last collapse in oil prices. I sold long ago and I'm looking to buy back in but I don't think we've quite reached the bottom. Close, but not there quite yet IMHO.
    Schiller steered EXXI through dangerous times 5 years ago and I see no reason to think he won't do so again. Oil prices will rebound, as they always do, and EXXI is better capitalized to get through this period of low prices than they were in 2008. The divi may go away sometime this year but the ship shouldn't sink.

    Sentiment: Strong Buy

  • infr0mthecold by infr0mthecold Jan 16, 2015 7:30 PM Flag

    That's one huge improvement over 2009 if it holds. A tidy little dividend! Free cash-flow seems adequate and if they can keep pumping 60K/day even $40/oil probably keeps the lights on. I see they are pretty well hedged through about the middle of 2015 at $71 to $97/bbl but after that, if the market stays in the dump we may see EXXI back to 2009 levels. These guys have been through a near death experience once so they know what to expect and how to handle the lean times. Glad they still have Schiller at the helm.

  • infr0mthecold by infr0mthecold Jan 16, 2015 7:00 PM Flag

    Haven't hung on this board in a few years and hadn't even looked at Exxi in over a year. Kind of shocked to see it back down around $2 a share! I bought exy for $0.25/share (pre-split) in February or early March 2009 and ran with it to the mid 20's in 2011. One of the best trades I ever made. I used to listen in on every earnings call and always thought John Schiller was a pretty straight guy. Never thought that another oil price dip would put them back to giveaway prices so can someone educate an old trader who hasn't been paying attention.
    Are they really in such bad shape that future viability is in question or are they just grievously oversold like in 2008-2009?
    Sure would be nice to ride old exy back up again! As I recall John wanted to build to a 10B market cap and I always figured he get it done one day. maybe he still will but it's a looong way to go.

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