After further review I am re-evaluating the projected quarter numbers. I think I was overly ambitious with $20 million. It looks like the high gas prices wont hit till this next quarter. My new numbers are for 12 million in gas sales and crude oil sales around $5 million. $17 million total sales. Loss of approx $3 mill.
But it is huge news in relation to our $42 million market cap. I agree with Buck Wheat. This should be a $3 or $4 stock. We now have an extra $21 million to invest in Oklahoma oil wells. Or maybe we pay off some of the debt. Either way things are looking up. Glad I bought in at $1.25. I cant wait for the earnings report. Should be coming out in the next 5 days or so.
Exerpt from Annual report: We expect to commence an initial soft launch of the full Dario� solution (including the software and the all-in-one blood glucose meter) for iPhones and other iOS devices in Europe by the second quarter of 2014 with the goal of collecting customer feedback to refine our longer-term roll-out strategy
I guess we will find out in approx 1 week. My guess is we will see natural gas sales of $14 million and Crude oil sales around $6 million. That is $20 million in revenue. Now is we just stayed flat for all of 2014 that would be $80 million for the year. That is about break even. But it wont stay flat becaus ethe have invested a bunch of money into the Oklahoma properties. $10 million in just the land and I think they are spending approx $45 million in capital expenditures in 2013. 2014 is the year you will see the returns from those investments. Not bad for a little $35 million dollar cap stock.
Profitzone-Thanks for your very thoughtful response. I agree this product looks like a winner. I am wondering if we will see revenue hit the income statement in the next quarter. I think they have been selling product in approx 4-5 countries now. You have any insight on this?
They will have a great quarter. Look at past earnings and see how the increase gas prices helped. Now that natural gas is over $6 this stock is ready to run.. All the other NG stocks such as Chesepeak and UPL have taken off. This one is so small no one notices it. Once earnings come out people will take notice.
Their refinery is right on the St Clair river and there was a report on CNBC about how it now takes a week to get boats through the river when it use to only take a couple days. Will this affect their earnings. I am not sure. Not sure if they are having any problems at all. Just speculation.
This stock just stinks. I have been following it for about a year. I was disappointed that they arent projecting any meaningful revenue from some of their new products till 2015. I think it will continue lower. Probably hang out around $2 a share for a while. But Sometime in 2014 this baby will be in the $1's. I will keep watching untill either one of 2 things happen. 1. they replace upper management or 2. their new product comes out and we start seeing some traction.
I will continue to watch this stock because I like the field they are in but I will not buy till I see one of the above 2 items happen.. If teh board is not smart enough to see what is written on the walls then I don't want to own this stock even at 1.90 a share.. I am getting tempted but I will remained on the sidelines for now.
So I am guessing you lossed $2700 on your most recent trade. I have never been able to figure out why people use these stop loss. When and if I buy a company like KIOR I will be buying for the long term. I think it is completely impossible to predict this stock short term. Can you explain your logic on using a stop loss?
Salli did you ever check out DAEG. I told you about that stock on Dec 17th at $1 a share. It traded today for $1.37. 37% return Not bad for 20 days....
Still Holding my Camp now at $24. Pangia is still collecting his big salary and the stock has gone no where. Currently trading at $2.21. Yahoo estimates went from them earning .5 a share 90 days ago to them losing .04 a share. i will keep watching to see how their new products roll out. But i woudl say currently would only buy this stock under $2 a share or when Pangia gets fired.
Salli, I did not say I bought shares on that date. I said you could have bought shares on that date because that was the date I told you about it. I actually bought 300 shares on 8/18/13,9/19/13 and 400 shares on 10/19/13. 1000 shares total with an average cost under $2.5. Sold today for $5. I would say the small volume allowed me as a small investor to trade this stock while the big investors won't touch it. In a way I feel more comfortable buying into a low volume stock because I know it is not a stock that is being pushed/ manipulated by Wall street.
In the last conference call Breese said we only spent $80k in cash. Now that he has been let go we have $125k a quarter in salary savings. We should be cash flow positive next year? California business is rocking. Honda is rocking. The whole auto business is doing very good. Sales are up.
I tried to tell you guys about this Stock Meil and you guys all poo pooed it. You could have bought in at 2.45 on Nov 4th and sold today at $5 a share. I love doubling my money! I still hold my small position in Gevo. I think we will be waiting for a while on Gevo. My latest hot stock for anyone that cares to listen is DAEG. Check it out. Trading at $1 a share but just had a activist investor take large position. I'll check back in when it hits $2 a share.