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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (26159)10/6/2003 7:22:15 AM
From: Ed Ajootian  Read Replies (2) | Respond to of 206085
 
energyplay, I believe TMR will put something out between Nov 10 - 15. They have been putting on their earnings on the last day allowable for many of the recent quarters and this will be their first quarter with a new auditing firm. Also, they will not finish their pipeline to the next well cluster until mid-November, so it behooves them to hold off putting out 3Q until getting closer to the next round of drilling.

My experience has been that E&P stocks do not react very much to earnings reports as a rule. Those that do (such as KCS) are usually due to the fact that they also take that opportunity to issue a comprehensive drilling update, and rarely put out news between quarters.

The key thing that will get TMR stock moving is for them to show something like 92 mmcfe/d average production for the quarter, and say that production is still holding up above 90 mmcfe/d. This would be a confirmation that their BLM wells are not depleting too fast. Also, I believe they should have had their borrowing base redetermined by now, which will be interesting to see.



To: energyplay who wrote (26159)10/6/2003 8:44:33 AM
From: jim_p  Respond to of 206085
 
During a tour of Texas, the Pope took a couple of days off to visit the coast for some sightseeing. He was cruising along the beach in the Pope-Mobile when there was a frantic commotion just off shore.

A helpless man, wearing a Democratic lapel pin, was struggling frantically to free himself from the jaws of a 25-foot shark. As the Pope watched, horrified, a speedboat came racing up with three men wearing Republican lapel pins.

One quickly fired a harpoon into the sharks' side. The other two reached out and pulled the bleeding, semiconscious Democrat from the water. Then using long clubs, the three beat the shark to death and hauled it, too, into the boat. Immediately, the Pope shouted and summoned them to the beach.

"I give you my blessing for your brave actions," he said. "I have been told about there being bad blood between Democrats and Republicans but now I have seen with my own eyes that this is not true."

As the Pope drove off, the harpooner asked his buddies "Who was that?"

"It was the Pope", one replied. "He is in direct contact with God and has access to all of God's wisdom."

"Well," the harpooner said, "he may have access to God's wisdom, but he doesn't know jack about shark fishing. Is the bait holding up okay, or do we need to get another one?"