You're welcome Jim.
Yes, Jim, I have an idea:
"Oil Production (and condensate):
May: 3629bbl (opi.consrv.ca.gov said 3194)
Apr: 1489bbl (opi.consrv.ca.gov said 1961)"
So oil production, May vs Apr, is more than doubled.
However, March was about the same as May, as I recall, so April was a low month in between the two.
What is TIV's % take on these wells? 25% of the profits after lifting costs? More? Less? Do the math to get the dollars, divide by number of outstanding shares, that'll give you an EPS number. I would think a pattern of increased production could yield some buying excitement, but it's going to take a lot of production to realistically support the PPS where it is today, much less support price appreciation.
TIV is a "funny" stock though. Seems to have a significant percentage of the float held pretty tightly by old longs, which supports the price, not sure these longs are putting any new money into it though, they all seem proud of saying "in below a buck" or fifty cents, whatever, they're just waiting, not necessarily buying. You buying?
jonesie
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