Pledge Petroleum Corp. (fka PROP)

[TexasPlains]

PROP stock has been drifting downward since 2011. The technology which this company has was available to oil producers when the price of oil was above $100 for a long time. So why should PROP stock price ever go up if it did not do well when the price of oil was high? What difference will it make if the price of oil goes up significantly to this stock. It appears to me that PROP has had its chance when times were good but still failed as a stock. I'm wondering if other tried and true techniques for improving oil production are more cost effective than what technology from PROP offers.

Now if they can figure out a way to implant their wave producing devices permanently into oil wells so that production may be improved when needed then PROP may have lots of success. As it stands now rods must be pulled from the well which is very pricey to apply the treatment. This must be done anyway whenever a well is serviced for the purposes of improving production with whatever technique is used. If the wave producing device from PROP can be implanted permanently into an oil well immediately after the well is drilled or after a single "pulling" of an existing well then this could become a very hot item. But pulling the rods out of a well once a year is very expensive for repeated treatment with PROP technology in order to keep production high. This is why the price of oil so drastically affects this stock. Even if improved oil production by treatment of PROP technology occurs the price of oil must be high enough to justify the treatment. It might be more cost effective for a lot of oil companies to simply shut an oil well down when prices are low until oil prices recover and then have PROP treat the well with its technology to increase production; or use another technique such a fracking to do the same thing which might be cheaper; we don't know.

This company needs to show its possible customers and current shareholders the differences in cost between its technique for improving oil well production and traditional techniques and how long after a treatment the traditional techniques are effective as compared to PROP's.