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War stories?
Just curious to know what all other successful/unsuccessful trades everyone on this board has been involved with.
Personally, I've had more success trading small - mid-cap stocks and options. The only other micro-cap that I had some success with was WELX, a stock that doubled in ~10 months or so when activists took over.
I've failed with ESWW and FNFV. ESWW stopped filing with the SEC,and FNFV was pumped by management who led investors to believe that NAV was in the $20+ range.
I hope IEVM will be my first mega-winner.
Yeah, I guess they consider selling as a remote possibility, considering that there are opportunities outside of O&G that Excelyte can be used.
I'm starting to see some evidence of consolidation happening in the water-frac industry as fully-integrated water-frac service providers try to catch onto this massive industry trend.
According to Lux Research, water service spending in O&G will increase by 15 X between now and the early 2020s.
As Excelyte does treat water that is reused by drillers, I can see IEVM being bought out by an integrated service provider.
According to Value investors club, IEVM's management stated that they can see themselves getting bought out at a $200+m valuation by a larger service provider.
Rock Water Energy, a leading service provider was founded in 2011 (1,000+ employees); Select Energy spun off all of its non-water service business segments in 2014 to focus on water-frac; HII Technologies made an aggressive water service acquisition in 2012 - which ultimately led to the company's bankruptcy last year, etc.
So it seems like we're in the early innings of something pretty good from my point of view.
And EP Energy's break even price is below $40 a barrel according to their investor presentation. It's in the $37 to $39 range.
Someone still has to maintain assets during bankruptcy
When and where is the conference that IEVM will be at?
I agree, good management, good product, enthusiastic VP. I'm going to have a massive celebration when the stock climbs 50 X
What are some of your nano cap winners?
BRING ON THE PAIN!
I wish I had more of an insight on the rollout process, but it's also worth noting that the CEO has it on record that he expects the company to have 1,000s of wells under service in a few months.
I also cannot imagine that a guy like Chad Crady, who seems to have an ultra entrepreneurial personality, would be this excited to be apart of a small company that only has the potential to generate $500k in sales. This guy was the president of a company that generated around $2 million in sales in 2 years (before the parent company went bankrupt). I'm sure he sees something good in IEVM, as he also told me that they are gaining a tremendous of momentum. This guy drives a car that is worth half the amount of revenue that IEVM pulled in in 2015.
I think this stock can hit $1. Most great companies started small, so we just need the patience to wait out the volatility.
Netflix, Monster Energy, among others traded in the OTC markets before returning their investors 100x+ their money.
$1 by the end of the day
Holding onto this stock has made me immune to financial pain. I couldn't care less if it dropped another 50% at this point
Feedback from the VP
"From a service perspective its been a wild ride for the last 12 months. What I can tell you is that we are gaining a tremendous of momentum by offering a product that solves the operators problems and saves them a material amount on their monthly chemical bill. Our biggest hurdle is timing. It is an incredibly long sales cycle, but once we have gone through the process, customer retention is high."
How was someone able to sell for $0.23 on 1/15/16?
IEVM insiders were issued shares at $.04 yesterday. Definitely happy about that!
Going to have a head full of gray hair by the end of the semester lol!
Only like $3,000 of shares were sold. That's pennies in a well I guess.
Purchased more...down 50% f*ck me
Who do I contact to get a tour?
I'm hanging on for dear life!
Okay, I'll take a look at the valuation from a gallons perspective. I just use the simpler: wells*Excelyte price*12 months to get my sales number
Just very conservatively speaking. IEVM was trading at 40x, so upside could be significantly higher. I'm banking on the high upside, but I want to see what the downside is
If they hit 10,000 wells, that's about $42 million in sales assuming a $350/year Excelyte price.
At 1x sales, the stock goes to $.13;
At 2x sales, the stock goes to $.27;
At 5x, it goes to $.69.
Recent CEO interview
Lavance was interviewed by GreenisGoodRadio in October. The fourth quarter was terrible, and yet it's encouraging to read that he still believes the company can achieve $10-$50 million in sales in the near term.
John Shegerian: I think you will have done a great thing. We’re down to the last two minutes or so. So if today you’re treating 180 wells, when I have you back on the show nine months from now, what is the possibility? How fast can you scale your great company, and how many wells can you be into nine months from now? Twelve months from now? Five hundred? A thousand? Ten-thousand? What do you think?
David LaVance: We should get into the thousands, and we want to get into the tens of thousands as quickly as we can. Today, we have two depots - one that is in Utah and one in New Mexico. We’re expanding into Texas right now. We’ve tried and tested already in Oklahoma and in North Dakota. In all of those places, the product works and so we need to go ahead and get facilities started there, and if we do, we’ll quickly reach the tens of thousands of oil wells."
The only thing that keeps me in this stock is the story. Good management+VP with great public track record=success...let's hope.
I will only sell if something dramatic occurs in the fundamentals.
Needless to say, after IEVM plays out, I'm going to take a break from penny stocks.
Lol this is hilarious. Maybe I should just give up everything I've learned about fundamentals and become a chartist.
Happy New Years, y'all!
Yeah, my thoughts as well. My other position also lacks volume. All I want for Christmas is for both of my stocks to go up.
This is insanely frustrating
Does anyone know what truck company IEVM uses to distribute Excelyte?
Cost savings in the Altamont Field have gone up, not down according to my previous post.
First post on Ihub.
I believe IEVM is a long for the following reasons:
1. IEVM already has the ability to generate $800K in sales with the customer base that the company has in place already.
2. If IEVM only secures 25% of the Altamont Field (94 oil wells), this equates to $1.2 million in total sales assuming IEVM hits the $800K sales target.
3. During the most recent quarter, EP Energy reported a change in the way that they treat H2S. From EPE's latest 10-Q: " For the quarter and nine months ended September 30, 2015, we incurred a decrease in lease operating expense in Eagle Ford of approximately $1 million and $8 million, respectively, due to lower chemical costs due to changing the method (amine unit vs. chemicals) in which we treated our gas, lower power costs due to releasing rental generators and lower disposal and labor costs. In Altamont, we incurred a decrease of $3 million and $4 million in the quarter and nine months ended September 30, 2015 due to lower chemical costs and lower maintenance and repair costs."
4. Amine units cost $70K+, and while IEVM's VP told me that Excelyte won't be a full substitute for Amine units, Excelyte has experienced " [I]ncredible results in the field combatting high H2S scenarios."
5. Pay attention to EP Energy's Altamont Field (377 oil wells). This field is where IEVM already has a production depot. The Altamont Field's production grew roughly 13% year over year while cost savings have gone down. In EPE's latest quarter, the Altamont field saved 200% more in the most recent quarter than in the first 6 months of this year combined.
6. IEVM is not suffering from competition during this initial roll-out, according to what the CFO told me. The large oil and gas service companies have not affected IEVM's niche, and one of their more direct competitors, Envirolyte, does not have the necessary infrastructure in place to hurt IEVM's roll-out.
7. KC Gamma Opportunity Fund's manager has his wife and child listed as shareholders of IEVM (1.2 million shares and 600K shares, respectively). KC has compounded returns of 15% since inception in 2006.
8. IEVM's VP, Chad Crady, is a rockstar. As president of Sage Power Solutions, he grew revenue from $0 in 2012, to at least $1.3 million in 2014 (SPS did $1.3 million over 2013).
I'm a busy college student, but when my schedule starts to free up again I will dig deeper. I think the next step is to ask the guys working in the Altamont Field about Excelyte.