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I agree. While the company is quite volatile now, the long term prospects are intriguing. Do you typically target distressed companies, or is this your only distressed play?
I am also refreshed to see such a level of transparency and honesty in an otc stock. Keep up the good work TVOG
So they really are pursuing a strategy of vertical integration? Do you have any idea if these assets will be distressed?
So they will almost triple their revenue? If they can pull that off, look out!
Will these simply be bolt-on acquisitions? Or will TVOG attempt to improve operations and increase profitability?
Yeah, but I that is for larger equity offerings. I don't know, but I assumed that that was industry standard across all offering sizes. However, like everything else in financial services, it is highly negotiated.
As a side note, I think Morgan Stanley only took 1% ( I think, don't hold me to that number) for being the syndicator for Facebook's IPO.
Crazy in a good way, or bad? I'm assuming those restricted shares have been issued as a form of compensation to service providers?
I guess I've just never thought that asphalt would have its own dedicated refineries. Before I started following TVOG, I was rather ignorant of the asphalt industry, to be honest.
That's true. Though, to be fair, even expert traders make mistakes independent of how the market is moving. I do think it's interesting how traders mitigate their losses.
I think so too! Do executives of companies ever post on these boards? It seems like it would be in their interest?
Ha! That's very true. Hope they have good insurance!
I was looking at Turner's site and they made mention that they are looking at asphalt refineries. How many asphalt refineries are there in the US?
Turner announced that they are updating their site to reflect their new acquisition. Good news, good news
What does that mean if float hasn't changed?
15%? That seems insane! I thought the industry standard was 6%?
Oh I know. I was just adding commentary. More so to see if anyone had any response
Oh man! Best Christmas ever.
Looking at the listing requirements from NASDAQ, they seem pretty realistic.
That's true. I was just wondering what the unrest was all about
I would agree with that. However, it would be interesting to gain the perspective a petroleum CFO about how their company is making financing decisions.
Well ultimately time will tell. However, it seems like the company does have value, it just hasn't been able to secure favorable financing. It will be interesting to see how this plays out.
I think that is why the petroleum industry so much: so many variables that affect pricing. It really is a game of chess.
That will certainly be a nice summer present
Ah ok, fair enough. Too bad people don't give asphalt as a gift.
Ok, that makes sense. I am just trying to more fully understand these indicators. So it sound like it might not be prudent to trade solely on rig count?
That's very true. When you made the comment about Navios possibly refinancing its debt through an equity offering, I immediately thought about the cost of capital. However, what I neglected to think about is that one is robbing Peter to pay Paul in that scenario. It would be much better if they were to issue equity that would allow them to invest in their business and therefore increase revenue and hopefully earnings.
After the sale of Anchor Drilling Fluids, Calumet sounds like it is really focusing on core operations and focusing on what they do best.
The CEO said today that they looking at paying off the "egregious" loan they had taken out once they have resolved some ERP issues and better know their financial position.
I always like when companies pay off bad debt; I know I am preaching to the choir. It's always a good sign when a CEO takes proactive action.
Looking at the listing requirements, it seems a company only needs $5 million in assets. However, that seems pretty small. I think I'll let a more experienced member give the definitive answer.
Oh I hadn't heard that. What is going on in their LNG plant?
Found this section today on the National Asphalt Pavement Association site today:
http://www.asphaltpavement.org/index.php?option=com_content&view=article&id=262&Itemid=100307
Any regulatory issues that might affect asphalt are posted here.
Statoils's CEO pledged to not invest in heavy oil. Do you think that this will signal an industry trend? If so, will that curtail the supply of bitumen to asphalt producers?
Today's FOMC meeting indicated possible future interest rates hikes. How do you think this will affect TVOG?
Do you think that Cobalt is a possible take over target?
Yeah I realize that. I was just trying to make analogy so I can better understand. I am new charting, so still trying to wrap my head around it
Yes I am beyond confident as well! They raised $25 million?
That's very true. However, that is the great thing about the markets; opportunity is everywhere.
Ha! You beat me to it! I just posted a similar statement
Now that the tax bill is working its way through Congress, Trump anounced that he will begin to introduce his infrastructure bill. Unless we stop using asphalt, this should be clear skies for TVOG.
Do you think that this is a positive sign for oil price movement? If companies are increasing rig count, they must, at some level, be hopeful about prices.
So they are focusing on downstream and shedding upstream assets? That's great that management can maintain focus