"Looks like a 'fail to deliver' on as little as 115,000 shares or so would put TIV on the list, based on about 23MM shares outstanding."
The OSTK stuff was in the headlines for a long long time, I guess it still is? I've heard Byrne talk about it before.
Interesting to see the woman from Forbes 'on the scene' as well, has anyone ever written an email to her asking how she feels about TIV today, compared to her earlier comments? Is she Forbes' short issues specialist?
I'm no expert on shorting so comments by me are JMHO, but it would seem OSTK flew kind of high in late 2004, perhaps higher than was fundamentally supported at the time. $70/share, down to $15's, now around $20, quite the ride.
I hope the potential cleanup of the DTCC and 'other messes' doesn't crash the market one day. Or at least if it does it gets telegraphed well in advance so lots of us retail investors can be totally out LOL.
Back to objective TIV-related things ... any thoughts on TIV going from average 2.74 bbl/day production in 2006 with 26 oil wells online, down to an average 1.98 bbl/day production so far in 2007 with 37 wells online?
Another way to look at it: 2006 avg monthly production 2134 bbls, 26 wells online. 2007 (so far), after putting 11 more wells online, all 11 of which had production in the Jan/Feb period, avg monthly production now 2201 bbls, a 3% increase vs 2006. 42% more wells, 3% more production.
Any idea on what's causing this seemingly meager overall production increase in return for the time/effort/money spent over the course of a year? IMHO, sooner or later the focus has to be more on TIV production as opposed to short conspiracies involving about 12% of the shares. Get production up substantially and the short position could quite possibly become a PPS accelerant due to covering.
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