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I also noticed TECO price coming down as well. hmmm. Great job Randall. incredible.
Hmmm Let me get this right. They PR'ed they would "soon" begin posting crude bulletins 2.5 months ago. Is it too much to ask to follow thru on the company's words. Simply amazing.
Amazing.. you must have missed this part. Please re-read.
Company would rather PR a resignation than become transparent. How much oil are we producing. Should we guess, Randall??
(Sorry to hear about Joe, illness is never good)
Company would rather PR a resignation than become transparent. How much oil are we producing. Should we guess, Randall??
(Sorry to hear about Joe, illness is never good)
Almost 3 months since the announcement below. Randall, its not that hard to publish what you PR'ed.
HOUSTON, TX -- (Marketwire)
12/21/09
Treaty Energy is currently in the process of enhancing its website and will soon be including a page that will provide our investors monthly reports on the production of each of the company's wells. This method of providing information to our investors again illustrates our commitment to corporate transparency."
The U.S. will make a monumental mistake if it doesn't utilize one of its most prevalent energy resources, natural gas, energy tycoon Boone Pickens told CNBC Thursday.
Since we are quoting T Boone Pickens, Here is an excerpt from his conversation on CNBC today.
Does NOT bode well for Treaty.
"You've got 4,000 trillion cubic feet of natural gas—that makes us number one in the world," Pickens said. "We're going to be fools, we'll be identified as the dumbest people in the world if we don't capitalize on this resource and replace OPEC oil."
Pickens said one of the most simple ways to introduce natural gas to the automobile business is to make it the primary option for larger transportation vehicles.
"What you do is go after the 8 million 18-wheelers, and when a new 18-wheeler is purchased it will go to domestic fuel, which would be natural gas," said Pickens. "If we had those we would cut OPEC in half."
Pickens cited AT&T as a company that's using natural gas as the energy source for its automobile fleet.
BP oil analysts says otherwise
The price of crude oil is expected to remain in a wide per-barrel range of $69 and $84, averaging around $77/bbl, throughout 2010, because of uncertain growth in the global economy that is making supply and demand forecasting difficult, according to Christof Ruehl, chief economist of petroleum giant BP. West Texas Intermediate (WTI) averaged $62/bbl in 2009.
AND
However, Paris-based bank Societe Generale cut its 2010 crude oil forecast, setting WTI at $86 (down from $89) and Brent Crude at $85 (down from $88). Crude oil has been "under pressure" because of "an increase in risk aversion, caused by concerns about Eurozone sovereign debt," says analyst Michael Wittner, who also forecasts a "slightly stronger" dollar than estimated earlier
i disagree. that puts gasoline at 3.25-3.5. We have already proven 4 is the point of demand destruction. Thats been proven. Oil is overbought. Just wait until the funds start to dump. In fact, the goldman roll is about to start. Could be bearish.
please clarify your statement? ei "poor"?
I hope you are right. But until RB is gone, i remain a skeptic.
i have a small but sizable amount left. I sold most of my position as i needed the loss to my gains last year. If it breaks .10 thats great. I dont have much faith in this stock until one person is gone. That guy does not tell the truth. Thats a FACT.
"Soon", is that what you are saying? Thats with wrong with Treaty, Ron's famous last words, "soon".
Can you tell me where i can find this on Treaty's website. 2.5 months since stating "transparency" and still nothing on their website. LOL
Joe Grace, President and COO of Treaty Energy, stated, "Treaty Energy is currently in the process of enhancing its website and will soon be including a page that will provide our investors monthly reports on the production of each of the company's wells. This method of providing information to our investors again illustrates our commitment to corporate transparency."
Dont forget about Ron Blackburn. He is a key, major shareholder.
My negative comments are no different than the same positive comments posted on this board. So i suggest you should also state the same for positive comments. Have a good day.
I would be careful with that statement. Oil is tracking the S&P and the dollar index. At some point, fundamentals will shift the price. But who knows when..
Farviewhill -
whats wrong with having an opposing view? Perhaps you should listen to Warren buffet and his conversation with reporter that was aired today on CNBC. Pay close attention to the part when Warren and Charles disagree on a company. Its like having siblings, they always tell you the truth, no matter how much it hurts.
Im here big E..
Treaty is looking good. We will see if it holds its pps. IMO, it will not, until RB has been completely removed from this stock.
No thank you. Too many holes in ship. Taking on water.
If you believe, then go for it. Track record tells me enough.
Son of
I respectfully disagree with you. Ron blackburn is a convicted felon. Thats a FACT. In my opinion, the current PPS sums it up well.
Summary of TECO PPS
Apr 2009 PPS = .075 cents
Sep 2009 PPS = .017 cent
Feb 2010 PPS = .008 of a cent.
Now does that sound like good management??
LOL. Company is a joke.
Thanks for the clarification son... Its not all that hard to understand. RB wins the oustanding business man of the year award. LOL
Yep. I was told the company would issue a PR "soon". lol. What a great job new management is doing. Im sure Randy is happy that he doesnt have to pay for his shares. like us commonfolks.
Yes, "soon". Ron has said that before. IR tells me nothing wrong with company, and yet stock down significantly. lol. whatever
T Boone Pickens prediction cost him $$$. Would you follow him??
The large hedge fund run by Texas energy king T. Boone Pickens has lost $1 billion this year (2008). He bet that oil would go up. Instead, it went down. That makes his push for wind power and the use of natural gas to run cars look a little silly.
Rebuttal-
Since you posted it:
"Old, outdated and not important anymore news: Ron Blackburn is a shareholder of Treaty. He used to be employed by PBLS that is now a bankrupt company. In my opinion, that is why a few posters on this board dislike Treaty. The dislike against Treaty is a personal grudge against Blackburn nothing more. They lost money most likely on PBLS and are pissed at Blackburn, know he is invested as a shareholder in Treaty and want to mess up that investment. Read the posts and make your own decision".
Ron is still the majority shareholder of this company. He is the one that is steering the company behind the scenes. THAT IS A FACT. There are many here that seem to think that he has now turned over a new leaf. Check out his old company. PBLS. Read the posts (commentary), official documents from the BK trustee, and make your own decision.
Look at the current PPS of TECO. thats all i need to say. sums it up well.
Stock still down any ay you look at it. PERIOD. THATS PROVEN
Current PPS sums it up well. Stock continues its downward trend. Not hard to understand why.
Im just waiting for TECo to hit 4 cents.. LOL
Posted by: bbd05 Date: Thursday, October 08, 2009 1:18:58 PM
In reply to: aspenyouth who wrote msg# 4367 Post # of 9036
A strong afternoon could push this close to .04
More sellers than buyers today again. New Management is doing such a great job. And to think they would be transparent as they said they would. LOL
We obviuosly had an insider posted on the board at one time. Item #7...
I had this poster bookmarked..
Jambamboo
Quote:
Alias Born On: Friday, December 08, 2006
Boards Moderated: 0
Total Posts: 131
TECO closed with double zero's. Wonder how long it will take for triple's??
For a company that is "porudcing oil" now, sure doesnt look good. More sellers than buyers. Some insider selling their shares? hmmm. LOL
I do agree TECO could have some upside. However, as long as Ron is involved with TECO, this company cannot be trusted. Period. Ron is connected to a company that is currently in BK, which has been proven. As matter of opinion, he was connected to a scam. But thats my opinion.
Wow. More sellers than buyers today. Look at what new management has accomplished. PPS sums it up well. LOL
Another day of red. Ouch. Stock not going anywhere. I assume Ron is still selling stock to support his litigation needs connectd with his other company that is in bk. Once again, shareholders loose bc of his bad management decisions.
At the moment, oil does not respond to that. We have too much supply. Perhaps in the future when there is more focus on the supply/demand balance. At the moment, its a pure dollar/DOW trade.
Dollar trade only. Demand has not started to improve.
TECO will not go much higher until they come clean on the mastermind of this company, Ron Blackburn. New investors, do your homework on this guy. Look at his current legal troubles. Current PPS of TECO says it all.
And red the day before. Again as i stated before, stock continues a downtrend move. More sellers than buyers. Thats a fact.
Stock continues to trend down. Even though they are "producing oil" and should be cash positive. Obviously more sellers than buyers out there. No trust of current management, especially a known convicted felon running the business behind the scenes. What a bizarre company.
More sellers than buyers today. New shareholders dont have much faith in the new management.