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You think that this might be a short term buying opportunity?
Well, you can't disagree with that! I am trying to think a turnaround
investing strategy. Invest in a previously lousy company that has recently brought on a rockstar CEO.
So are you building a long position?
Jeez! I wasn't aware that there was such a strong short position
So this would be considered a leading indicator?
Not a bad trade today!
Ok, I am looking forward to hearing about your trade.
So the subsidiary's parent company is the one that is actually involved in litigation? And the litigation doesn't affect the subsidiary?
What makes you say that?
What do you guys think about the decline in oil prices for TVOG? My logic was that lower input prices would, hopefully, boost operating margins.
Would you be willing to give him the benefit of doubt? To play devil's advocate, we don't know what's going on
Thank you, just wanted to clarify terminology. 8 more wells, if they can pull it off, would be very very good news.
Are you optimistic?
You'll have to forgive me, but I am still new to charting. The three indicators you mentioned look like they are trading within well defined bands. You are waiting to enter when the STO indicator is at the bottom?
Off hand, do you know what percentage of their revenue comes from selling crude and what percentage comes from higher margin, refined products?
So you would invest in a less than stellar business with a great CEO as opposed to a great business with a lousy CEO?
If they sell the company, do you happen to have a ballpark figure of what it would sell for? Or is it still too early to tell?
So $3 is a soft floor for you?
So that seems like some excellent news. If they can focus their resources on assets that better fit their strategy, we should eventually see a rise in stock price? No?
I also like this comment from the COO:
"Compared to earlier plug and perf designs, these methods have allowed us to reduce the time required to complete a well by 50% or 3 days resulting in net savings of approximately $400,000 per well."
So the Baltic Index is more analogous to say the Russell 2000?
Ah ok, I understand what you mean now. I am excited to see the long term effects of shale on oil prices.
If the company were to shed it's debt, would you consider a long term play? Or are there other structural issues that cause concern?
What is your target entry and exit?
Why are they selling the Wehlu?
What are you basing your expectations for 2020 on?
Thank you. I appreciate it.
Even though a coal company might be well run, you cannot fight against market forces. If coal is no longer competitive, then it is moot if you have a great management team.
I really like that philosophy - help each other steer their own ships. I have certainly learned a lot by participating in these boards?
Well if you were take out the debt service, the company is cash flow positive? Correct? Seems like an ideal candidate for Chapter 11. If it has profitable operations, but negative cash flow due to financing decisions, then it might be a nice bankruptcy play?
So in 3 or so years, we will likely see under supply?
So a one stop asphalt shop? For example, a highway authority would enter into one contract with TVOG to purchase the asphalt, have it transported, and then have it paved?
Ah ok. So the effect of an increase in the Baltic Index for shippers is analogous to an increase in WTI for oil producers?
By full frac clean up numbers, do you mean production figures after fracturing operations have been completed?
That's a really good point; I didn't think about that. When you look at turnaround companies, how much weight do you put towards the new CEO versus the underlying business?
Do you have a re-entry price?
So you are done with energy? Or just E&P? Do you think that there is a bubble in cannabis stocks?
I agree. I was just throwing around ideas.
I am surprised why anyone is buying coal stocks. I agree that they can be good short term hustle, but long term value?
I am not familiar with the term PPS, could you explain?
Even if they had the "best" energy technology, it is a moot point if they can't produce revenue. Have they offered any guidance on revenue activities?
Say a new war broke out in the Middle East, what would be the long term effects on price? If I recall, we produce most of the energy that we consume.