New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 14, 2014
08:20 EDTMILLMiller Energy to acquire Savant Alaska for $9M in cash
Miller Energy announced that the Company has signed a binding agreement to acquire Savant Alaska subject to due diligence and regulatory approval, for $9M in cash. Savant would become a wholly-owned subsidiary of Miller. Through Savant, Miller would own a 67.5% working interest in the Badami Unit, with ASRC Exploration remaining as a 32.5% working interest partner. Miller would also obtain a 100% working interest in nearby exploration leases. These assets would bring approximately 1,100 BOPD gross and 600 BOPD net of current production and ownership of midstream assets located in the Alaska North Slope with a design capacity of 38,500 BOPD and 25 miles of pipeline. We estimate the acquisition will add approximately $6M of PDP PV-10 with significant additional drilling opportunities. In addition to the assets, Miller is pleased to welcome the Savant team, which will be supported by the company's Anchorage office.
News For MILL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
14:38 EDTMILLRiver Road Asset reports 6.4% passive stake in Miller Energy
December 15, 2014
08:48 EDTMILLMiller Energy downgraded to Neutral from Buy at SunTrust
SunTrust downgraded Miller Energy due to lower oil price forecasts and execution issues.
December 10, 2014
15:01 EDTMILLMiller Energy downgraded to Neutral from Buy at Sidoti
Subscribe for More Information
13:34 EDTMILLMiller Energy price target lowered to $3 from $6 at Brean Capital
Brean Capital cut its price target on Miller after the company reported weaker than expected results. The firm says that the company lacked productive drilling outcomes in fiscal Q2. Brean added that the company's liquidity position remains "tenuous" but it expects the company's capital position to improve next year, Brean keeps a buy rating on the stock.
08:56 EDTMILLMiller Energy reports Q2 EPS ($3.71), may not compare to consensus (21c)
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use