East Tennessee-based oil and gas company Miller Energy Resources is attracting some
unflattering online chatter.
TheStreetSweeper has a particularly critical report that questions the value of the company’s Alaskan assets, among other things.
StreetSweeper also takes a jab at Miller CEO Scott Boruff’s purchase a few weeks ago of Villa Collina, a 36,720-square-foot mansion Knoxville; and his use of a company airplane for trips to the Florida beach and “to or from a small town in Delaware – located near the home of the CEO’s girlfriend …”
Seeking Alpha has Miller on its “sell” list today after the company’s stock plunged 23 percent on Thursday to $5.40. Miller’s shares have continued to fall on Friday.
It should be noted that StreetSweeper acknowledges that it has a short position in Miller, which means it would profit from a decline in Miller’s stock.
TheStreetSweeper: Miller Energy: Is This Hot ‘Alaska’ Stock about to Melt?
Seeking Alpha: Top Buy and Sell Ideas Based on Thursday’s Biggest Losers
Photo: Miller Energy’s Osprey oil platform in Cook Inlet off the coast of Alaska.
(Thanks to KNS staffer Josh Flory for sending the StreetSweeper story.)