Yep, they are a gas play but their Alaska property was the reason behind the run up to near $5 earlier this year. I think they will be able to pay their bills with the gas money, but what's the catalyst for the next run up? Unless that is you think the next run up will be from $1 to $2.
Anyone think that their Alaska partner has any chance in raising the money to drill their commitments to ROYL in this environment? Very slim and none are the two words I'd use in answering that question. The good news however is ROYL got some upfront money and the seismic survey completed at their partners expense. That data might be useful sometime in the next decade.
pick off as much low hanging fruit as possible(with Alaska still helping with the costs of picking) and cut all nonproductive costs across the board. That includes slashing the payroll of ALL the officers and getting rid of the so called deal makers still being employed at the company. It's time to step up to the plate on many fronts by our new CEO. What's the chance of something similar to the above scenario happening? Probably slim to none, but I don't think it hurts to state the obvious.
colecoman do you know how little they have hedged? Not that much and it doesn't look like OPEC is going to help them out in hedging any new positions in the short term.
Too much overhead resistance IMO for such a rapid rise absent significant news(like a takeover). And I think management would take a $1.50 buyout in a heartbeat.
Sounds good except that $45.7 million of their equity is assigned to goodwill on the books. One could argue that that number is highly inflated and subject to being revised down on any given quarterly report.
What's so hard to figure out? The common has a boat load of short shares that from time to time are just happy to cover. The C&D's are trading in panic mode right now as the price of oil continues to fall and DOESN'T have any large short position to come to the rescue for these illiquid securities.
That's easy, they waited to put out the news after they released their less than stellar earnings report. I guess there thinking was the stock might need some juicing post earnings release. On that count they were dead on right.
millerchump, happy to see any new poster make a MILL comment. Especially a new member of Yahoo the same day he makes his first post on the yahoo message boards.
Sorry to be so late on this report. Got tied up on other business matters.----Good meeting all seemed very upbeat on the companies prospects. They believe all is running smoothly with the new manufacturing units ups and running. The only bit of real news beyond what was already reported is that the backlog was $25.5 million on the meeting date. So it looks like they added an additional million plus to the backlog since the end of the quarter. How much they shipped from the backlog since the quarter started was left unsaid.---On their open space building initiative they are prepared to move forward once all the building codes are in place. San Francisco being the most aggressive city that's moving forward in this regard. Keep in mind that no building owner wants to spend the money to upgrade until they are forced to do so. Who really wants to spend the money when their is no real payback to the owner in doing so? It was noted that after the 1994 earthquake California wanted all the hospitals to quake proof(as much as possible) in case of another disaster. As of now some of the hospitals are still fighting to not have to comply on that front. So yes a big market is out there for TAYD but most will fighting the need to do until who knows when.---A patent was issued on their "negative stiffness device" and they are also prepared to move forward on that front. Keep in mind however just because they are prepared to move forward doesn't mean that all the structural engineers have signed off on these knew technologies---One problem area is hiring enough skilled people to operate the machinery. Too many college graduated without a job, but not enough trade school graduates to fill the void at the manufacturing plants. And they are in competition with the other manufactures in the area who have the same needs.---All in all I view TAYD as a very undervalued company with a good future in place moving forward. Let's hope I'm right on that score.
I'm just saying it's not a very good environment to be striking a GOOD deal with JV partners. Like sam said he is glade they got $3 million for the Tennessee assets and not $600,000. Do you think these so called partners might not be able to make a better deal with others with the price of oil as it sits today?
Talking about partners when oil was trading at $100 is quite quite different than talking to partners at $75. Time will tell but I'd be very surprised if any JV deals are announced anytime soon.
Yep these ultra low 2010 prices and the example of a DEEP WELL that resulted in 100 bpd. I can see the potential JV partners just lining up at the door to get in on this venture with MILL.