Miller Energy Resources, Inc Stock | TigerDroppings.com

Posted byMessage
GenesChin
Ole Miss Fan
The Promise Land
Member since Feb 2012
10656 posts

Miller Energy Resources, Inc Stock


I have been looking into investing a little into energy growth stocks. World needs more energy and oil is going to be an interesting commodity if inflation goes up

I have been looking at Miller Energy Resources, Inc (MILL) and potentially EXCO

Tell me why this is a bad idea



This post was edited on 1/14 at 1:56 pm



Back to top
Share:
Lsut81
USA Fan
Member since Jun 2005
63220 posts
 Online 

re: Miller Energy Resources, Inc Stock


quote:

Tell me why this is a bad idea



Tell me why this is a good idea








Back to top
TJG210
LSU Fan
New Orleans
Member since Aug 2006
21680 posts
 Online 

re: Miller Energy Resources, Inc Stock


E&P company?





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
11989 posts

re: Miller Energy Resources, Inc Stock


Yeah I was wondering this myself





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
11989 posts

re: Miller Energy Resources, Inc Stock


Besides the tremendous risk you take in Oil investing. MILL got it's arse kicked today, -5.85%, and it's earnings over the last 3 years SUCK MAJOR WANG. EXCO is even worse and it's in debt up to it's eyeballs. Wouldn't touch either, unless you want to be a day trader





Back to top
shaqfu33
Member since May 2007
102 posts

re: Miller Energy Resources, Inc Stock


You better have nerves of steel. Extremely volatile and heavily manipulated. Although, normally 3 - 3.50 has been a good entry point. There are 9.4 million short sellers (45 days to cover at avg. volume).

Earnings have sucked because they didn't have any production. They shipped a brand new rig up to Alaska earlier this year, and they are STARTING to produce (very slowly). They've had their fair share of growing pains, but the future looks promising.

The question is how far in the future.

Management looks clueless at times, which has been brutal to the stock price, but they are also heavily invested so they are aligned with shareholders.

Also, they use the successful efforts method of accounting which is the most conservative method. This has helped contribute to the poor financial statements. This stock was $.15 3 years ago, so they've already come a long way.

People trading between $3/$4 - $6 have made a killing the last year and a half. Unfortunately, I've only taken advantage of that once.

Disclosure: I own MILL, if that wasn't already obvious.






Back to top


Back to top




//