Montage Resources (MR)

[RyGuy]

Not sure I understand the activity in this stock.

[tdeck]

Without a doubt this will be ine we tell stories about years from now, mark that.

Peace out

[RyGuy]

Banks apparently believe in the business

[tdeck]

$MR Top Ranked Value Stocks to Buy for September 23rd

https://www.zacks.com/commentary/531575/top-ranked-value-stocks-to-buy-for-september-23rd

[Wrinkles]

Good stuff, thank you for added info/DD.....adding more MR.....

[tdeck]

Anyone that didn't view the slid show with the last Q report, should.

You can see what I and others are talking about in terms of MR beating consecutively, without fail, even beat capex consensus was 125 mil they only spent 115 mil, these boys are on time.
IMHO best buy in energy sector for value, return outlook etc.

Peace out.

[tdeck]

$MR Montage Resources just completes $100 million/25% Increase to its borrowing base. Dow Jones Newswires September 23, 2019 4:08 EST

[tdeck]

Your playing the game the way you like, I do the same, took me 2 weeks to buy 1 million shares of the retail one. I like grabbing here and there, especially when shots and MMs playing with the algo's makes me money ha ha.

[Wrinkles]

1K more at $4.03....2K total at $4.02 avg....should just grab 10K shares and set it and forget it......

[Wrinkles]

I grabbed 1K shares starter at $4.01....will add 1K shares each dime lower, if it does go lower over the next few weeks......1K isn't much at all, but my name is in the hat at least and will add as I can.....she has a nice chart and looks like it has turned and now higher highs and higher lows....

[tdeck]

Excellent, stock, excellent price, look at previous 8Q's always rising and beating.

The oil price, lets chat in 2 weeks and see how we see things on oil price.

I see it a bit different, but, opinions differ.

I personally the whole oil glut thing especially 2020, not null and void.

There may be 200 mil barrels stashed here and there by KSA but when they are producing 4-5 mil barrels a day below normal output after 5 days -6 mil per day, doesn't take long. 30 days 150 mil barrels, that is because I think the KSA is not being not even slightly truthful.

But, lets give it two weeks to see n that score.

A week ago they said a week to full right? Did you see the pics that were taken yesterday of the damage, to 5 of the silo type processors, not even started nor can they, so what was with the 1 week a week ago?

IMHO those need to be fabricated in US or EU then trucked to port, then shipped, then trucked to facility then assembled then days of testing, we are looking at 2020 Jan before ready, if then.

3 1/2 months say even the 3 mil they are down now, which I don't believe I still think is 5-6 but lets say 3. We already know 5 days for sure down near 6 that's 30 mil from their stash, then 3 1/2 months 105 days 3 mil they say 315 mil barrels.

Then for months after that have to build that up again, also lets see how much we pulled as we are now evidently supplying China again and looks like will be Japan.

No way is it falling in October, November or any time after it starts rising, because the truth and reality will leak out once the orders are in and someone other than KSA is giving info, IMHO.

That and .95 will get you a cup of coffee on the McD's senior menu LOL

Peace out.

[Wrinkles]

I might just join ya soooooon on MR, we'll see.....my own opinion is Oil to go up to $60 area, then down to $56/$55 by mid Oct and then start up up up, $75+ in May 2020???? We shall see, but if that happens, MR and Oil related plays will be humming along.....BWTHDIK, just an opinion....AND that doesn't count for any wars or anything else that could happen over there in Middle East.....

[tdeck]

Real crunch from Saudi Arabia's oil outage has yet to be felt........ just sit back and smile.

https://japantoday.com/category/business/update-3-real-crunch-from-saudi-arabia%27s-oil-outage-has-yet-to-be-felt

https://www.spglobal.com/platts/en/market-insights/podcasts/crude/092319-oil-market-wrong-abqaiq

[tdeck]

$MR Montage Resources to attend Scotia Howard Weil Appalachian Conference on October 2nd.

[tdeck]

It is, had a little pull back this week bears getting happy happy, they are getting very sad now.

If they would have done one iota of DD they would have known damage like that, means construction in EU USA and shipped to Saudi, where do they think the stuff was built in the first place, that isn't buy off the shelf or patch it up.

And we have still yet to hear a peep in the market/media about those 2 billion cubic feet per day that aren't and will not flow til this game is done.

And another thing, ships are being rerouted and have been since this started further screwing the pooch. Thos freighters don't just turn on a dime and hustle to the new place.

This thing should be trading 12/13 and popping to 14/15 every once in a while.

It's tick tick time, winter is coming and gas isn't so over the top flooding the market anymore.

But we shall see. Either way IMHO we were headed to 10-12 land by November anyway, this may just put some giddy-up in her.

But why this thing has been priced so well below its peers for so long with 2 straight years of increasing numbers and beating the street estimate time after time and many times not just beating it, destroying it.

Peace out.

[RyGuy]

MR’s market cap at $145 million is insanely cheap.

[tdeck]

Aramco’s Repairs Could Take Months Longer Than Company Anticipates, Contractors Say

There goes that oil glut now and into 2020 by the time this is really sorted in 2020 will be pumping overtime.

And that 2 billion cu ft per day won't flow as long as cutting, grinding and welding is happening.

https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194

[harkmi]

It would increase the 'pain' for the shorties and also decrease their available capital to continue the trend.

I like the way you think, but would also decrease the amounts available for debt service and to aid turnaround.
Sounds like a good idea to me though.

[RyGuy]

I wonder if Montage management would consider a small dividend to counter the effects the shorts have had here.

Having a P/E of 2.5 when the industry average is 12.5 is absurd. There should be a consequence for shorters terrorizing a small company like this. If you truly believe the stock is overvalued, and you short the stock, be prepared to cover the dividend of the amount you shorted.

[RyGuy]

Why is iHub's volume and chart all screwed up for MR.

[tdeck]

Chart switched from a 3 months bearish steady downtrend 4-5 days ago it is full on reversal now was already but the circumstances have changed and bears are in a pickle the drive to winter started stronger a bit earlier than expected.

[RyGuy]

I hope this is a the beginning of a squeeze. MR is up significantly compared to the rest of the oil and gas companies.

Added a few more comparables to this list.

https://drive.google.com/file/d/1OoIf9nb8qh0gjrIh__vQLnqY30gtipn5/view?usp=sharing

[molee]

The "squeeze" is on ...

[tdeck]

Yep I am thinking we could see the last of fours this week, we shall see.

[RyGuy]

Great start so far premarket for a lot of oil and gas companies.

I consider myself fortunate to have got in MR around $4.10 last week.

MR so far in premarket up to $4.60

[tdeck]

Agreed, its suffering from perma bear syndrome, they don't want to let go till its ripped from their hands.

But, that time is coming, ER not a long way off, winter as well and higher LNG prices and even this Saudi news is somewhat good, for MR not the region.

We do sell what 18-20 mil barrels a Q and it will be taking a ride north and with this I think bears will not be so arrogant in future, last winter got them a little to big for their britches, this woke up the world, doesn't take much to really cause some serious damage with drones.

I was telling someone I trade with on twitter after the first one just missed the pipeline, I said if they practice enough the scary thing is they can get very good at them. And there are numerous places they can do this too in many countries in the region, crazy world.

But anyway 2 Billion ft a day NG is also halted with this event, and as long as work, grinding/welding going on in the area it will be shut down totally as that type of thing can not be going on with NG flowing in the area.

Will just have to see, maybe this is the real kick starter as we head into the winter months.

[RyGuy]

On thing I like to do is run some comparisons of the company in question like Montage Resources (MR), and try to determine just how much it is undervalued by.

I looked up 10 other Oil and Gas Production and Exploration companies. I took their average P/E valuations to come up with a value that MR should at least be close to....

Based on average valuations of a peer group and MR's profitability, MR should trade with a forward P/E at least relatively close to 10.59. While MR currently closed Friday's session at $4.11, if it traded at a 10.59 P/E, MR would have an approximate share price value of $22.45

https://drive.google.com/file/d/1OoIf9nb8qh0gjrIh__vQLnqY30gtipn5/view?usp=sharing

[RyGuy]

Alright taking a more extensive dip into MR for the ride up to higher NG prices this fall.

So far in with 20,000 shares at $3.93 average.

Hoping for a substantial rebound from this 1.7 P/E level

Crazy EPS of $2.11

Something gotta give.....

[tdeck]

LOL, I told ya, we are good from here, took a while to consolidate and perma bears did not want to let go, but, it is what it is. From here out LNG rises and so will MR another beat coming just like the last 5,6,7,8 etc and oil perking up to and we do sell some oil.

Capes down and production is up winner winner chicken dinner.

Congrats all, nice slow ride back up to November/Dec will do me just fine.

Peace out.

[molee]

$MR OK I'll say it .. Nice call ...

[tdeck]

Shorts it is actually up from last week. That's my guess.

[RyGuy]

Why is MR down so much. Anything you can share?

[molee]

Nice bounce up off of $2.80 .

[molee]

We stay above $2.80 support , we're good ...

Enjoy the holiday ... >> M

[molee]

So , "gap" was filled properly yesterday . Let's see where we go from here .

[molee]

Still trying to "fill that gap" I see ... Then "boomage" ...

[tdeck]

DOW taking a hit and /NG being off a bit didn't help the day, but, did in my TSLA shorts caught her twice today added

Thomas Coutts
@AndrewD88355412
Replying to
@AndrewD88355412

added 5K @ 2.78-.79 holding 225K as long as I keep winning on TSLA shorts I will keep adding, this is gonna turn, gonna be big winner.
9:45 AM · Aug 23, 2019·Twitter Web App

[harkmi]

2000sh @ $2.72...like shooting fish in a barrel!
I freakin' love it!

[tdeck]

All I have to say on the matter, that with PT's in double digits, 2 straight years of ever increasing rev/profits, quarter after quarter beating Wall Street consensus, raised guidance and positive csah flow forward PE of ! #$%^&*() a chart.

https://www.barrons.com/articles/chevron-and-other-oil-and-gas-stocks-to-love-51566000196

Let the charties do their thing, tutes are loading winter and sky high LNG prices coming, nuff said.

This is like QD they pushed down last year 50 times whenever it rose I played and loaded, played and loaded till I was 50K free riding.

/NG drops a few pennies they hammer the sector means nothing, its all about the numbers.

Peace out.

[molee]

Back the truck up around $2.62 gap fill ...

[molee]

As "algos" play with the SP , chartists are saying we must hold here , or risk filling the open gap from the 7th .

[harkmi]

Picked up 2850 sh up yesterday between $2.95 - $3.15. Guess it doesn't look like it is going down there again today. Happy I got the bargains I did.
Still watching with Stinkers in

[tdeck]

We should, just get the long/short push and pull done with. Bears just never want to let go, but as you saw with others they have to let go sooner or later, its a given.

Peace out.

[harkmi]

Got 600 @ $3.18 this AM. Got some low balls in place as well. Should be slow and steady from rise here.

[molee]

NG moving nicely today on good report ...

[molee]

NG report out at 10:30 today .. Good #s we hope ...

[tdeck]

NG inching its way up again, should be the trend going forward, winter is coming and prices will rise, maybe even double, truth is Indian use is way up as is other parts of Asia.

Reality wins out in the end.

Peace out.

[tdeck]

NG been on a steady little rise too, gonna be a lovely winter with this one. Big boys playing chess at the moment, we should start making solid traction soon.

Peace out.

[tdeck]

Tug of war, shorting, profit taking, consolidating.

[molee]

Still scratching my head over the stock price ...

Maybe if the company executed a share buyback or re-established a dividend , the shorters would find another playing field

Every attempt at recovery is met with violent short selling .

SMH >> M