I agree. However, do you think the company cares about lowly us? As I said earlier, during the CC they clearly indicated a willingness to sell any of their assets if the price was right.
Ditto! I'm kicking myself for not using my trading money to buy on the low during pre-market. On the other hand, I think it's safe to say we're up today because of WTI and Brent being up over 3% (as I type). Nat. gas up, too. We may get a second chance to buy on the low in the days ahead.
Although I hope it doesn't happen, I'm preparing myself for one or two downgrades.
As I said yesterday, I'll be at the ready today to add on. I will not give up one share of this stock. Bottom line? Patience......
I for one was not expecting a short squeeze this time around. Actually, I wasn't expecting all that much this quarter and will not be in the immediate future. Having said that, I'm heavily invested in this stock and will not be giving up my shares. For me, this is a long term investment. However, I agree with your statement that for the moment, TPLM is just a trade.I still believe in this company.
"First Quarter Highlights for Fiscal Year 2016 (ended April 30, 2015)
Quarterly production volumes of ~1,226 Mboe (13,775 Boepd)
Increasing full fiscal year 2016 production guidance to a range of 11,500-13,500 Boepd
No change to previously issued capital expenditure guidance
Further increases to production guidance will be considered as fiscal year 2016 progresses
Triangle USA Petroleum ("TUSA") driving continued reduction in drilling and completion costs
Leading edge AFEs $7.3 million as of May 2015
Consolidated cash flow from operations (before working capital changes) of $31.4 million, or $0.42 per fully diluted share; Operating cash flow of $39.3 million
23% quarter over quarter decrease in consolidated cash general and administrative expenses
Consolidated adjusted revenue of $137.8 million including $19.5 million of cash receipts from hedge settlements
Consolidated adjusted-EBITDA of $38.8 million
$305.0 million of total liquidity as of April 30, 2015, including $50.3 million of cash on hand and available borrowing capacity on the TUSA and RockPile Energy Services ("RockPile") credit facilities
RockPile's estimated share of Williston Basin completion activity increased to approximately 15%, up from approximately 5% in Q1 fiscal 2015
Completed record number of wells in quarter including 50 for third parties and 5 for TUSA
RockPile generated over $5 million of stand-alone EBITDA in the month of April
Completed 730 stages, which is 40% more stages than the previous single month record
Caliber Midstream Phase I and Phase II system for Triangle complete and fully operational
Proactively amended TUSA's existing senior credit facility and modified certain covenants to further enhance TUSA's financial flexibility"
I believe he was referring to your buddy 'Mook'. Anyway, I'll basically say the same to you as I did to 'Mook'....
Why are you here if you're down on PVA? Is it because you're stuck? Is it because you're short? Or could it be that you're just a BB who likes to be a mosquito on peoples' faces?
Well, since you seem to enjoy correcting others, I thought I'd chime in by correcting you...
This is what you posted on the PVA board:
"This pos is headed for $0 -- I'm talking bankruptcy. No one wants to buy it, even at these levels. They know they can cherry pick the assets for pennies on the dollar once it goes under. Please turn out the lights if you're the last one left!!"
"Cherry pick???" Uh, it's cherry-pick. You might want to use 'spell check' in the future. Especially if you post again on the PVA board.
In your face, pal......lol
Funny, but if I was as down on this stock as you are I would sell and not participate in posting.
Oh, wait, I forgot, you're short. Duh me!!!
To answer your question, the following piece came out today:
"OPEC will maintain its production target next week, Libya’s deputy vice prime minister for energy said, joining Kuwait in predicting no policy change when oil ministers from the 12-member group meet in Vienna.
The output target will remain 30 million barrels a day, Mohammad Oun, Libya’s deputy vice prime minister for energy, said by phone Thursday from al-Bayda, eastern Libya. Oun will be part of Libya’s delegation to the June 5 meeting. OPEC is working on a long-term strategy draft to present next week that is likely to show projections of crude supply from non-OPEC producers are the same as those forecast in 2014, he said.
“The target number will not change,” Oun said. Libya is pumping 400,000 barrels of oil a day, state-run National Oil Corp. spokesman Mohamed Elharari said in a phone interview Thursday. That makes Libya the smallest producer in OPEC.
The Organization of Petroleum Exporting Countries will meet to decide on the group’s production target for the next six months amid a glut that sent prices down about 50 percent last year. Saudi Arabia, the group’s biggest exporter, led OPEC’s decision in November to maintain its output target to defend market share amid booming U.S. shale supplies.
Brent crude added 66 cents to $63.24 a barrel at 10:26 a.m. London time on Friday. Prices have climbed 10 percent this year.
Libya joined Kuwait in predicting no change to policy after Abdulmajeed Al-Shatti, a member of Kuwait’s Supreme Petroleum Council, said on May 12 that the organization will “stick with” its present strategy. Kuwait is OPEC’s fourth biggest crude producer, according to data compiled by Bloomberg. Iran’s Oil Minister Bijan Namdar Zanganeh has only said it’s “unlikely” OPEC’s output ceiling will change, according to Mehr news agency."