Help?!? Can I throw you a lead anchor? Did you research it?...figure out what direction the price has been going in the last couple of months.....get info on potential profits from the headlines and quarter to quarter production.....read a few headlines to undersand everything. you may be a gambling daytrader in a lottery rather than an investor.No?
If i thought for a minute that Mill was going to go broke I pump the water out of the Osprey Platform's pylons, get a tug, and haul the "form" down to the Sea Of Cortez and hide it somewhere.
Esp if they owe that much in taxes.I am not an accountant.
I like value stocks. Mill took over the Osprey platform , in Alaska, and was reworking some old shutdown wells. It seemed to be a viable plan in spite of harsh conditions; being off shore,outdated & unsufficient equipment, seasonal inactivity due to weather ( never addressed before ).In spite being one of the most heavily shorted stocks ( about 30% short); the price grew into the high $9 range. Like a jackass, slow but sure, the easy money reworks got completed, but suddenly mill got hit with a thunderclap!The easy reworks all got completed and Mill still wasnt making a profit- stunning.I hoped this would say quiet . At this point the shorts mounted their best plan yet , to "unlock the true value" of an overreached, non profitable boondogle by starting a Tennessee style false proxy war and bring in Environmentalists onto the board. All this came just as oil prices decreased. Mill PPS crashed hard like a pengiuin doing a bellyflop off the Osprey Platform .I still cant tell where the true value is , or should be, but Mill almost got away with it.
rock energy, raging river resources, petroamerica. I wouldnt want to mention the Canadian Boards or stock house & stockwatch because Yahoo might give me another 30 -90 day blackout
If you shorted, you borrowed some stock from your broker to sell. This liability ( from the sale) must be covered later by" buying in" to cover and return to sum zero. You are on the hook to cover later ;but didnt ever own any of stock...or recieve any dividend ( only the liability) The dividend belongs to the "owner of record"-of the stock loaned out by the broker.Funny how that works out...didnt own any stock and didnt get a dividend.
Oil Exploration and Production companies often buy up future commodity contracts to lock in profits and protect against falling prices.The oil must be delivered at a future date to satisfy the contract.Price stability is ensured against downward oil price swings by these "hedge bets". If the future price
grows" too much some of the hedges would be sold. measured hedges would be bought and sold to keep an equilibrium proportional to the company's future and current production.This ensures that the company can survive price volatility better than fretful investors.
The Euro and Yen have been deliberately devalued (vs dollar).Canada, Australia, new Zealand, Brazil,and Russia are also devaluating their currency to compensate for falling exports ( oil trades in dollars on stock exchanges).i could not post for almost one month..again ! does any of this controversial statment hurt somebodies feelings?? So long, I'm off to Fergusion for a bar -b- que.