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Hallwood Group Anonim Şirket Com Message Board

joeevani 3 posts  |  Last Activity: Jul 15, 2015 12:25 PM Member since: Oct 22, 2004
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    Tide is turning for investors

    by jeromehoehn Jul 15, 2015 11:05 AM
    joeevani joeevani Jul 15, 2015 12:25 PM Flag

    Miller Energy Resources : Provides Clarifying Statement and Announces Receipt of State Tax Credit Funds

    07/15/2015 | 08:01am US/Eastern
    HOUSTON, TX -- (Marketwired) -- 07/15/15 -- Miller Energy Resources, Inc. (NYSE: MILL) ("Miller Energy" or the "Company") today provided clarifying comments to announcements made in its press release dated July 14, 2015. The Company also provided an update on its on-going capital repositioning process as well as its financial and operational position.

    Miller Energy believes its assets have value that exceeds its debt and continue to offer significant opportunities for growth. The Company does not intend, under current circumstances, to file for bankruptcy. Accounting convention requires that, under certain circumstances, publicly reporting companies must inform their investors that there may be substantial doubt about their ability to continue as a going concern. Accordingly, and consistent with that convention, under its current circumstances, the Company made such a statement.

    Miller Energy believes these current circumstances will be ameliorated with the successful completion of its capital repositioning process. As part of that process, the Company has received and is considering multiple proposals made by various potential counterparties. On July 10, 2015, Miller Energy signed a non-binding letter of intent with a private financing source for a loan that, if closed, will substantially refinance Miller Energy's existing indebtedness. Additionally, the Company has received and is evaluating several proposals that would complement such a primary refinancing. These include a proposal to purchase certain of the Company's non-core assets in a credit-enhancing transaction, to provide potential infrastructure financing and to make a minority equity investment in the Company.

    Regarding its liquidity and separate from its capital repositioning process, on June 12, 2015, Miller Energy received from the State of Alaska a tax

    Sentiment: Strong Buy

  • LNG Trade Set To Ramp Up
    Bloomberg
    Shale Set to Pummel Another Market as U.S. LNG Plants Arrive
    by Anna ShiryaevskayaIsis Almeida
    4:01 PM PDT
    May 18, 2015

    The U.S. is about to change the global LNG market forever.
    When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.....

    ...."We see the U.S. as a major contributor to the development of the LNG spot market as the volumes start to ramp up,” Jamie Buckland, head of investor relations at GasLog Ltd. in London, which owns 22 LNG tankers, wrote in an e-mail May 14. “There should be a lot more flexibility and you could see some buyers of U.S. volumes selling product on to others.”

    ....Significant U.S. exports will likely boost prices, currently at about $3 a million British thermal units, Energy Aspects Ltd. said in a report for UniCredit SpA on Tuesday. U.S. gas may converge toward European levels, now at about $7 a million Btu, the analysts said.

    ....LNG trade will exceed $120 billion this year, overtaking iron ore as the second most valuable commodity after oil, Goldman Sachs Group Inc. said in a March report.
    (end excerpts)

  • Bloomberg
    Shale Set to Pummel Another Market as U.S. LNG Plants Arrive
    by Anna ShiryaevskayaIsis Almeida
    4:01 PM PDT
    May 18, 2015

    The U.S. is about to change the global LNG market forever.
    When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.....

    ...."We see the U.S. as a major contributor to the development of the LNG spot market as the volumes start to ramp up,” Jamie Buckland, head of investor relations at GasLog Ltd. in London, which owns 22 LNG tankers, wrote in an e-mail May 14. “There should be a lot more flexibility and you could see some buyers of U.S. volumes selling product on to others.”

    ....Significant U.S. exports will likely boost prices, currently at about $3 a million British thermal units, Energy Aspects Ltd. said in a report for UniCredit SpA on Tuesday. U.S. gas may converge toward European levels, now at about $7 a million Btu, the analysts said.

    ....LNG trade will exceed $120 billion this year, overtaking iron ore as the second most valuable commodity after oil, Goldman Sachs Group Inc. said in a March report.
    (end excerpts)

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