I callled but just got an answering machine prompting me to press button #s to leave messages for various people (well, three people since there aren't many people there LOL).
Considering they did about 88,000 mcf last Q and with the big purchase last day of year, I'm hoping they can get close to 100,000 mcf for the upcoming fiscal Q4. With wellhead prices probably coming in around $7.50 per mcf for the Q and with oil probably fetching around $90+ a barrel, I suspect their revs will be very near if not over the record revs set back in the Q during 2005's hurricanes ($1.11 mill revs). I could see them getting to $$1.1-1.25 mill revs for the Q, and with the higher nat gas prices, margins I'm guessing would improve a bit too unless they have some expenses they lump into the Q beyond what they normally do. That means EPS of say 15-19 cents on the Q. And they're trading below tangible book. Seems pretty low risk IMO. And we have lots of time to get in before the Q report in June.
All IMO only.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
AI
