A Small-Cap Driller Boosts Its Volume

Miller Energy Resources (MILL) had been quiet in the last month in terms of news flow, although its shares had been gyrating wildly in recent trading days, as is typical. But Miller made some noise today. 

The company announced an initial production rate from its Sword No. 1 well of 883 barrels of oil per day. Coming on the heels of management's announcement of October that results from the company's RU-5B well were a disappointing 250 bbls/day (the initial estimate was 400 bbls/day), this has truly changed the discussion on Miller, and the stock is reflecting that today. Net net, Miller predicted 1,150 bbls/day IP combined from the two wells, and they are producing at the level, and that is reassuring....558 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.