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YEP!!!!!!!!!!!!!
Another new high! LOL. Ok, back to tooo easy...
Where's the shotgun? I see a goldfish in the barrel...
OPE, dare we say it???????????????????
It has gotten waaaaay to easy... :)
AAA AAAHHH AH CHOOOOOO! Oh, sorry. What's that? Another new high?
You say an all-time closing high? OK, I'll agree:)
Makes sense with all-time high book value, highest proved reserves (once June report comes out) IMO, and nat gas rallying strongly even sine end of March (the timeframe for the June report). August report should be sweet too plus the YOY comp for the Aug report will be embarassingly easy to blow out of the water. Not to mention the Q after that one too!
How far can she go? I'm smelling some fumes burning up here:)
Hope I can get some of these shares back before the report LOL. I'm not gonna buy 'em back unless we back off.
OK, nap is over. Time for a new high already. I'm getting impatient and spoiled LOL.
AHA! Still have 7 minutes left to edit the message and we laready have our new high!
Could be an all-time closing high today...
Still have 17 boardmarks, may have more upside as I think the buyer in here is more an institutional holder type.
That said, this is getting overvalued especially near term IMO so I have sold off a good chunk. But aslo still ahve a decent chunk. Man, had I kept every share I'd be really happy these daysd LOL. At least I have only been selling a bit at a time and not dumping.
Congrats, Littlefish. I guess I missed out on this one. Happy for you, though.
Rhino
Think I'll take a nap. $17+...
I am starting to (let it run with smaller sells). But i have a theory why this is running.
The 'smart' money is looking at the production #s the comapny put out and using those #s to estimate earnings. If they use the straight 21% and apply it to the 2 wells they would be coming up with something like 20+ cents in EPS from the 2 wells in the quarter. Plus the rest of the company biz so they could be estimating 40 cents EPS for say August.
But that is wrong IMO and the fund or big person buying up these shares will eventually figure that out and go '$%#@, I was wrong'. Of course, they won't dump suddenly. And in the meantime they are probably securing the shares.
If the comapny doesn't come out and clarify the wells they bought then this could actually maybe even carry through to August when the big people would be looking for say a 40 cent EPS Q. But they will be disappointed to find the wells are not owned at 21%+ (not the 2 big wells) at least as I understand it and instead are pooled wells at a loweer % (but the comapny themselves didn't even know if this was the case so I could be wrong- the uncertainty alone had me cut my position quite a bit happily for a triple).
The up side is pooled wells give a more steady flow of production IMO and so probably better long term earnings if the % ownership is somewhat equivalent. I sat and thought thru all this but can't recall how I arrived at a valuation based on about 6 wells pooled vs 2 wells nonpooled at 21% but it was all guesswork since the company at that time still didn't know the exact structure of the purchase. Hopefully there's some slight disappointment down the road so I can buy back some of these shares since the comapny is now familiar to me!
Otherwise, I'll let her keep running and peel away a few shares here and there.
LOL, sold a little bit more at $17.19. Sold some earlier in the $16s. Still ahve a ncie chunk though. Glad I spent 1 1/2 months loading up on this! Not all the way but I got a good chunk when I got my starter position.
My wife is gonna squawk at me for selling too much the last couple days LOL. Ugh.
$16.75! lol..This is NUTS!
Why sell when you have all your capital back plus profits..Let'er ride!
This is fun huh! Glad you held on! I had guys PMing me saying 'SELL!!!" and they were talking about all of it when the share price was $7-$8 LOL, but they didn't do any DD on the company and I did a lot so I knew to ignore them for the most part (in fact I was buying actively some shares after they sent those ;)...).
That said, I have sold over 1/2 my position mostly for a triple or better in a few months:) That is luck.
But now I need to find another undiscovered little one out there.
That is a pain in the butt for me cuz I don't know how to screen efficiently. My 'screning' metrics are scratches of paper and a checklist. To go thru that checklist on any one company takes me hours unfortunately.
And it usully takes me a couple days of zoning out listening to music loudly on headphones thinking about what area might be a good area to throw $ going forward and then scouring for micros with the right structure. It works about one out of every 50 times LOL. Lots of watsed time. I need a better way of looking.
PS- another new high. Threatening an all-time high close if we break to $17...
Looks like we'll get a shot at the $15 price for close today. Too bad it won't make the IBD lsit apparently. They need to use fwd PEs, not backward ones LOL.
WOW, what a call OM! Another new high LOL;)
Hit $16 premarket but just 150 shares.
Hmmm...Sure why not!
New high today? Wanna call it now or wait for the open LOL?
I rolled over the other day when I first saw it!
can't help but notice it on the CNBC streamer!
Thanks Sulphur!
Holy cow, did you see PDO today? And that was off 22 cents EPS... Maybe we aren't overvalued if that is what happens for a company making 22 cents EPS!;)
I think MXC has a good chance to make that in the near future (quite possibly more). Would be fun to get a 60% jump on earnings end of June LOL. Not at all expecting that, just saying it would be pretty neat.
Kinda cool, we're nearing or maybe even hit all-time highs today. I'll have to go back and look during the hurricane season involved shut-in spikes.
Nope, $16.98 is highest close ever (June 13 2005) I think so room to go there.
With MXC I remain really surprised there aren't the hordes of daytrader momos posting garbage on MXC over on Yahoo. Makes me think a bigger player is doing some of the shopping here and not the small fry flyer/momo types.
In the meantime they may draw in the momo guys at some point and keep this rally maybe a little longer. Really impressive and I'm now under 50% of my original position (after MikeS mentioned it not making the IBD list I figured when it popped back over $14 to take some more off the table even after selling some earlier in the day).
Good luck.
IMO hell ya it does (have potential)... But there will probably be some ups and downs with gross margins hopping around... The book value isn't there yet but only because the revs and profts jump is a fairly recent phenomenon.
I need to do some DD on that one..I think it has a chance
Ya, I sold some more Mexco and got a partial fill on AYSI at $2.01.
Yawn! Another new high..lol
This is pretty crazy but fun. I have been selling in the $14s since we popped back up there... I haven't called the CFO this week. Crazy.. I have downsized a bit today with the momos apparently finally jumping in.
Still kinda hoping for a big pullback to reload forthe June report and the hurricane season and August reports.
MikeS- see what you did? Right after your post it tanks almost $1 LOL. Maybe if we can chop a couple more dollars off it I can start buying back some of the chunks I sold.
Time to go for now. Have a good one.
Yawn... ;) I want to see the annual though in June. Looks like some speculators have jumped on it recently getting it ahead of itself without the annual to back things up.
MikeS- aha thanks for that. That will keep me more apt to sell a bit then. But I like nat gas long term so will hold a core position in it. Plus my wife keeps squawking at me for selling it on the way up and up and up... She wants perfect timing;)
At least she's happy of the direction!
I just took a quick look at the IBD numbers and there is no way it will be included in the over $15 index. To get that the stock needs a composite rating of 98+ (usually 99). Today the rating is only 70. The composite rating is low because the EPS rating is only 57. The other metrics are all very good.
Mike
Oh how boring..yet another 52 week high..lol
Ya, that puts a little damper on things but not a huge #. If we could somehow sneak over $15 by Friday close, then Monday could be FUN!!!!
Geez dude it is Thursday, if someone could get this over $15 by tomorrow's close (I think) then this will make the list and who knows what happens;)
I pulled my sell orders now and will let it try and make the move up.
Nat Gas up 93 BCF greater than expectations
One reason I adjusted my order..Never know!
If they hit the IBD list they may go right to $20 on people just jumping in... Because it is thinly traded. I'm at $13.99 right now for a few more (sell). Dang MM hits at $13.9899 LOL. Jerks.
OK, gotta go watch the nat gas report.
Changed my order..Selling 125 of the 250 I have left for $20..Never know they could split this thing in the future..They have the perfect share structure to do so..
OM- we're getting close to this getting on the IBD printed list. Have to close over $15 though and not sure how much turbo is left in this engine. I had an order to sell a little more and it got taken out at the open.
Lots of people see the IBD list so not sure what it would do good or bad. People would IMO have to be a bit stupid to buy just because something goes on a list. But whatever I guess. It would be fun to see this tiny float make it to the IBD paper.
Oh big surprise..Another new 52 week high..lol
Mexco in short-term presignal sell area. A decisive close < 5-day price EMA is the final criterion to sell.
I agree. Although there was talk of shorting it at $8 not long ago, at least from one respected poster. I disagreed. But I ahve been selling off a bit here and there on this big run.
I'll buy back if we get a good pullback. Good to see you hanging in there. Still not sure about the Tarrant Cty well structure other than it is free of operating costs and was a very good deal for the company.
Good luck.
Hard for people to pull the trigger when the stock is up about 300% in such a short period..
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WELCOME TO MEXCO ENERGY CORPORATION ONLINE
Mexco Energy Corporation is an independent, publicly owned oil and gas company engaged in acquiring and developing oil and gas properties and the exploration for and production of oil and gas. Mexco Energy Corporation, a Colorado corporation founded in 1972, currently conducts all of its drilling, exploration and production activities in the United States. All of its oil and gas assets are located in the United States and all of its revenues are derived from sales to customers within the United States, primarily in the Permian Basin of West Texas.
Mexco focuses primarily on the exploration for and development primarily of natural gas reserves and secondarily oil reserves.
In addition to exploration and development, Mexco acquires interests in producing and non-producing oil and gas leases from landowners and leaseholders in areas considered favorable for oil and gas exploration, development and production.
Mexco also engages in the business of acquiring proved reserves and continually searches for opportunities to acquire proved oil and gas properties, including royalties and mineral interests with development potential.
Mexco common stock is listed and trades on the American Stock Exchange under the symbol MXC.
CORPORATE GOVERNANCE | ||
Directors of Mexco Energy Corporation Thomas Graham, Jr. - Chairman of the Board of Directors | Officers of Mexco Energy Corporation Nicholas C. Taylor - President, Chief Executive Officer, Director |
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