That's the estimate that's been up there for almost 2 months. Could be revised. No analysts asked any questions at the quarterly conference call. Maybe we lost our only analyst.
Average daily production about 410 - 415 BOE (barrel of oil equivalent). Better then I originally thought.
Interest charges have to be overcome with more production though.
What I noted about TMV.....on a one year chart the stock is near what it was when the 10 year (symbol ^tnx) was 1.6% a year ago. You'd think TMV would be quite a bit higher.
A one year comparison chart really shows how badly TMV tracks over an extended period of time. Didn't look at TBF.
SEC filing after the close Thursday, May 15.
Revenues about $2.637 million vs $1.2 mil last year 1st 1/4.
Revenues up 117%.....81% oil, 19% natgas.
Some hedges in place to assure cash flow...probably tied into loan covenants.
Loss of $935,000 or 2 cents....big expenses were interest of $1.2 million....depreciation of $1.0 million
Balance sheet numbers are likely now different due to loan changes with Apollo (stock symbol AINV).
March 31 listed cash of $8.6 million.....listed $20 mil under current liabilities. Should be different now w/ loan adjustments after the quarter closed.
***some dates incorrect in the filing (text, not graph) where costs were compared with 2013 levels....in the text someone stated the '13 levels as '14 for some expense items.....no big deal.
***production way below Q 4 levels. Looking forward to comments about that and going forward.
Glad that I've had the will power lately to stay away from TMV, an ETF that rises when the 10 year rate rises.
Did some long term charts on it compared to the 10 year and it loses value quickly if rates are flat. One to play with for the very short term only.
I think you make good points. They are things I'm watching out for. The competitive landscape for "new investments" has certainly changed. Some, like PSEC, are so desperate for high yields to sustain their dividend that they have 'diversified' into businesses that are highly leveraged themselves, like apartments and finance companies.
You may be a little early, but better early than late.
The Street opens its mouth and proves how ignorant they are. Is this all they can come up with? What a joke.
Kel...........a holder (who's not concerned about a .15 drop)
Also sold some T today. Made about $4 since early March. Their growth estimates look anemic. Also may buy Direct TV for $50 billion. Cut it loose.
In yesterday @ 17.23, out today @ 18.10. Both trades in the last few minutes before the close. Still holding ERY (3 X oil short0.
Don't think so. Hope not. I think the multi year deal regards big Pharma sales deals. That's the division that had poor sales in Q 1.