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This thing is up 8 of the last 9 trading days http://www.stockta.com/cgi-bin/analysis.pl?symb=TECO&cobrand=&mode=stock
Its my opinion that flippers will like this stock next week and those who like homerruns will like it even better by October. Its too early to call it a trend but .004 .005 is still a floor.
That suit has been dropped ... Its too bad what the ARGY takeover guys did with misdirection and using inferior equiptment and technology and over drawing on independent drillers... I think you will recoup your investment dollars in TECO soon enough
DCB I think that's a very low estimate this thing can eclipse a nickel easy on 8k's alone... UBS and other get on board sky is the limit and they are watching close
I like the direction this company structure is starting to show. Its good to know some people with shares are going to profit from a good run here
Why did the market makers stop short selling the stock this afternoon ? What was that mass buy at close ? hmmm maybe they will be back Monday... or maybe not ?
FYI that email was after EOD... the EPA guy was there too... its per diem with that company how much they invest so they will still try and not trigger a buy signal without a PR through normal channels... The volume spike would be a firm bailing on the NSS! I do not have a clue which one they think will break 1st
It does appear something positive is a foot here ! lots more buying than selling !!
LMAO !!! nice !
Does anyone know what kind of production a well with these size pipes is capable of ? Where would one get these size of pipes also? Why would a company want to order pipes in this size range?
FOB Price:
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Minimum Order Quantity:
10 Piece/Pieces
Supply Ability:
1000 Piece/Pieces per Month
Payment Terms:
L/C,T/T
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Business type: Oil
Facilities onsite checked
Quick Details
Thickness: 10 - 10000 mm Section Shape: Round Outer Diameter: 10 - 10000 mm
Place of Origin: Beijing China (Mainland) Secondary Or Not: Non-secondary Application: Drill Pipe
Technique: Cold Drawn Certification: API Surface Treatment: Copper Coated
Special Pipe: API Pipe Alloy Or Not: Is Alloy Standard: API 5DP,API
Packaging & Delivery
Packaging Detail: seaworthy packing
Delivery Detail: 30 days
Specifications
API 5CT casing and tubing pipe
1)API 5CT, 5B standard
2)advanced test for quality
3)MTC,COC provided
oil casing
1.standard: API 5CT
2.Steel grade:J55,K55,N80,L80,p110
3.technology:seamless pipe
4.OD:114.30-508.00mm
oil well casing
1.standard: API 5CT
2.Steel grade:J55,K55,N80,L80,p110
3.technology:seamless pipe
4.OD:114.30-508.00mm
API 5CT casing pipe specification
7”
177.8
25.30-84.98
17.00-57.10
J55/K55/N80/L80/P110
STC/LTC/BTC
R1/R2/R3
7 5/8”
193.68
35.72-82.30
24.00-55.30
J55/K55/N80/L80/P110
STC/LTC/BTC
R1/R2/R3
8 5/8”
219.08
35.72—72.92
24.00-49.00
J55/K55/N80/L0/P110
STC/LTC/BTC
R1/R2/R3
9 5/8”
244.48
48.07-112.51
32.30-75.60
J55/K55/N80/L80/P110
STC/LTC/BTC
R1/R2/R3
10 3/4”
273.05
48.74-126.94
32.75-85.30
J55/K55/N80/L80/P110
STC/LTC/BTC
R1/R2/R3
11 3/4”
298.45
62.50-105.66
42.00-71.00
J55/K55/N80/L80/P110
STC/LTC/BTC
R1/R2/R3
That's a good question Ed. On another note what does Oil plus more Oil =
from the looks of Mitchell #4 the tide has definitively turned ! another Domino falls !!! BAAANNG !!! See you back at the office
I am starting to realize "next week "is happening now ! So many catalysts so much room to run ! Cant wait for the 4th of July cuz by then this thing will be close if not already going BAAAAANG !!!!! LMAO !!!!
Oh so if this is filed in bad faith would the company have recourse against the petitioners ? I wonder how badly this filing effected the PPS ? I wasn't as bullish till that was out of the way either ! Bang the Gavel and lets see the oil continue !!!
The Bankruptcy court ruling may break the land speed record since they've been ordered by the judge to submit a motion to dismiss ! Anyone wanna play Dominos ?
Just some analysis I found short, intermediate and long term projections. Also the editorial below is from a stock matrix May 2013 http://www.stockta.com/cgi-bin/analysis.pl?symb=TECO&cobrand=&mode=stock
Stock is highly liquid, the smallest amount of buying or selling can substantially impact the price of this stock. Stocks with an average dollar volume of between $0 and $200 thousand can be easy prey for market manipulation strategies. Trade with this stock has more or less been volatile for the last 52 weeks. The differential between its 52-week high and 52-week low has varied between 10% and 40% indicating that the stock price is variation-prone. The stock has just reached an oversold status since the RSI has fallen below the 30 level. This suggests that the stock is getting undervalued and is likely to gain value, thus prompting a buy signal. The stock has several catalysts in play and will increase the potential for market awareness and gaps up in the coming weeks. The company's gross margin has surged by at least 6%. The company has managed to make its business operations more efficient, which could yield reasonable returns for investors
Overall Rating: 83% Buy
I didn't know that equiptment could go past 3000'. This is an X Factor indeed !! I'd like to know what the latest geology reports are outta there. In any case Id say its a good bet on oil by 4000-4500... Id temper my completion expectations though but Oil out of Belize within several weeks sounds very feasible.
How does everyone here feel about the Mitchell # 3 being operational and pumping oil ? They have another one a few hundred yards away being completed too. Better late than never ! grab the budlights cuz heeeerrre we go !!!!
Kanola on that barchart what does the Medium term indicator mean for someone looking at this as a speculative play ? Should someone like myself add to my position if I am already long ?
Treaty Energy Corporation , TECO is not in bankruptcy. An involuntary petition was filed against the company, which requires multiple hearings before an involuntary bankruptcy is declared. Here is TECO's standard response to inquiries such as yours:
TECO's o fficial answer is that the involuntary petition is founded on completely baseless claims. Several of the petitioners are disgruntled former directors and employees of TECO that still hold resentment against the company.
The representing parties have used no filing attorney or have listed an attorney as a point of contact and are filing it pro se.
TECO is going to petition to have the case against TECO dismissed with supporting documents against the claims. If dismissed, TECO will be seeking full damages along with attorney fees as allowed by federal law. Shareholders should not be concerned as TECO's attorneys are already working on a legal response and are confident in TECO's case against the petitioners.
https://www.facebook.com/TreatyEnergyCorp?fref=ts
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TECO Mitchell Announcement - 5/13/2013
TECO Mitchell Lease Update for May 13, 2013
On January 10, 2013, Treaty Energy Corporation (OTC: TECO) acquired an assignment on the Mitchell Lease, located approximately one mile northwest of Tuscola, Texas.
Treaty acquired 77% of net revenue interest (NRI) and 100% working interest in the lease. TECO’s strategic acquisition of this lease was a key part of the Company’s plans to shift away from stripper well operations as announced on May 9, 2013.
On February 28, 2013, TECO entered into a drilling agreement with TNC Energy, LLC of Woodward, OK to drill two wells on the lease. Under the terms of this agreement, TNC acquired 50% of working interest on these two wells.
The statuses of these two wells are in various stages of completion as described below.
Mitchell #3 is a commercially viable well and will be put into production.
Drilling on the Mitchell #3 well began on April 24, 2013. The drill reached a total depth (TD) of 4605ft. on April 30, 2013 and was immediately cased and cemented. Perforation and acidization was completed on May 9, 2013. Swabbing operations began May 10, 2013 and were concluded Monday, May 13, 2013.
TNC is in the process of installing a pump jack and flow lines in order to place the Mitchell #3 into full commercial production.
In addition to this announcement, TECO has released the geology report on Mitchell #3 and is available for download here .
As part of the Company's revised reporting policies, flow rates on the wells will be announced in a few weeks once production has stabilized and will then be available on the Company's website at: www.treatyenergy.com/operations/texas .
Mitchell #4 has been cemented and will be completed once cured.
Drilling on the Mitchell #4 began on May 6, 2013 during Mitchell #3's completion process. The drill reached a total depth (TD) of 4650ft. on May 11, 2013 and was immediately cased and cemented. The cement on the well is currently being cured.
TECO expects TNC to begin completion operations after both parties have had a chance to evaluate the initial results on the Mitchell #3, which are expected this week.
http://xa.yimg.com/kq/groups/86712394/sn/1011240658/name/DSCF0040.jpg
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Happy Mothers Day from the Motherload Mitchell's !!!
What's happened here ??? Is this like the Terminator stock or something ? Somebody said I should watch the movie Giant with James Dean tonight I wonder what that's supposed to mean ?
This is from the "rag" Wall Street Journal
http://online.wsj.com/article/SB10001424127887323611604578398862292997352.html
most are watching this just as closely as the PR wire
:) Tick tock tick tock
That is true and that is accurate. TECO hasn't been pink since Pink came out with her 1st album way back when!
We won't know if GOB was onsite until the 8k ! Idk how much oil it will take to create a squeeze but clearly we are getting a some more at the least and a lot at best ! I just wish I had waited till now to have bought in.
Go Treaty Energy!
This is probably a coincidence Dan-o... Nothing to see here please disperse ;)
4 business days kids 4 business days !!! ;)
Uh oh.... they've gone into production in Belize ! Now what !?!? wait lemme guess a limerick or a haiku followed by a catch phrase !
Hey Have A GOOD WEEKEND EVERYBODY! I'll see you guys at Sizzler later !!!
This is great news! In my estimation this puts us less than 30 days away from completion and confirmation of flow rates in Belize.
This vindicated thing is going around and boy DO I SURE LIKE IT !!! Keep it up with the progress guys !!! You're getting there !!! What a relief with the number ... NOW BRING IN THE BIG HAULS !!! GO TREATY !!!!
So a break through quarter instead of a breakout. More realistic projections and how many more wells to rework and drill ? WTG TECO !!!
I'd go ahead and round them up because by the time you find them all the quarterly will be released
All of it ??? Thats too bad... its still below .04 where it sat for months. Ive had it since sub penny and sold almost everything north of .04 at one point but regardless of your logic or mine assuming they would make those claims then continue to try and recover the stock would seem ludicrous.
You owe it to yourself based on Texas alone to get some TECO tickets the consumate risk of Belize is there indeed Texas is not. What is irrefutable is the United States is implicit on increasing our oil production regardless of who is in the White House.
Obama may tax it to the max but either way a new oil and gas boom is on the way !!! Tom Petty once said "You Got Lucky Today ". Whatever purpose brought you to TECO your here now and its gettin good
http://oilprice.com/Energy/Energy-General/U.S.-To-Increase-Oil-Production-and-Begin-Mining-Rare-Earth-Minerals.html
http://www.usnews.com/opinion/blogs/on-energy/2012/10/24/increase-in-us-oil-production-wont-lower-gas-prices
Get the Depends ready... Belize News Pending ...
lol flat is the new down here
Anyone that is serious about due diligence and or charting this stock couldnt possibly draw negative conclusions from todays action on this stock and the PR. Actually anyone that is serious about making money to the upside !
That said after todays action and PR if i had $$$ in any one of the MM's shorting this stock I would pull out so fast there heads would spin. It just isnt good for business to throw $$$ away at a company so intent on success with as many catalysts as TECO. I'd definitley fire that broker.
Can you imagine what an educated client would say if they saw the lease layout and todays PR and had the knowledge their broker was betting against it ?? LOL beyond laughable
Probably alot cheaper than dealing with SLB