rig count of drillers dropped to 354 from 760 a year ago . oil -not gas(,nat gas?).Commodity futures traders have 289,770 long contracts vs 113,262 short contracts (april 5) , Feeling lucky?....What's your plan now, Mr Pinkerton?
but OHHH what a legacy.The true value has been unlocked and denigrated.The Korean built Osprey platform,clothing optional swim at Olsen creek, and the rigs.Some won a little, some lost a little,some learned a little, some burned a little.Scott is hunkered down in that place figuring on how to convert it into a convalescent hospital.Mill was just a part of the multifaceted temporary decline in the Oil and grease business .Any one care to help out with the "Draft Bill Richardson for Republican Candidate?" I am still concerned with the jet.
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 It seemed to be a viable plan in spite of harsh conditions; being off shore,outdated & unsufficient equipment, seasonal inactivity due to weather ( never addressed before ).In spite being one of the most heavily shorted stocks ( about 30%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