is probably at work
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Well, it's triggering selling anyway. Not all selling.
Wish I had L2 because the trades screen is useless. I can see the bid sizes vs the asks and it's not selling IMO.
After the next two quarterly filings I'm going to have to severely rebalance my portfolio lol
I agree and it makes sense.
My interpretation is that they put out the FB and email updates first to warn existing shareholders that the PPS isn't staying around down here for much longer and they probably intended for the PR to push the PPS higher than it did. Momentum from a PR isn't going to create a lasting trading range though so I'm not bothered by a lack of a "boom all at once" news burst. I don't believe they expected yesterday's PR to cause short covering just yet. We'll climb soon enough IMO.
We should start a "fantasy football"-style website to track all of our theories of day-to-day and long-term company and stock news. I think it would be interesting to track over time and look back on those that called the plays days or months in advance.
Someone posts their thoughts, and then everyone else votes on a disagree or agree. If everyone is in agreement then they get no points when it occurs. If everyone disagrees but it occurs then they get massive reputation points. Same point system would apply to those who voted.
I'd like to do that now...
It's weird to think of another major oil player entering the global scene but if Treaty believes they can do that then more power to them. Don't doubt their intentions one bit. Thanks for sharing that by the way.
With the numbers from the past few documents available now, it's pretty clear that we're not going to be sitting here forever. Anything that happens to the downside is temporary. I'm not sure what other folks' opinions are, but this company does seem to be setting itself up for a nice acquisition if management so desires in the future. No way would it be sold down here lol. With that in mind, I would expect this to trade much closer to its true value with or without an actual acquisition imminent.
LOL, with any news of revenue it will be just that
Very strong trendline that we'll have to break on the log chart from the past 12 months. This is where fundamentals are going to play a huge role IMO. Just a matter of when.
Watching my realtime quotes I feel like we're waiting to see who takes the first swing before the rest of the gang jumps in
C'mon W2 don't tease me again - you're very close to multiple milestones in production and business relationships
Thanks for the PM Cool - it's happening sooner than I expected. Perhaps I should have saved myself a post in my daily quota ;)
Thanks for posting your experience - it helps put my mind at ease that I didn't miss something too easy to take advantage of.
I said it before, short or long, no one is going to give up their money without a fight. I'm disappointed by the sudden change in attitude on the board, especially by those who have already stated their intentions of holding for multiple years. This is just more of the same old bull vs bear battle and will probably continue in the bears' advantage until production numbers are available in quarterly filings. Then it will be the long player's turn.
I know I mentioned my thoughts on flipping the stock, but I'm still bullish for TECO in the long run.
C'mon longs - let's keep this network of investors and longer-term traders running healthy! I have appreciated everyone's factual contributions and truthful opinions to this board and look forward to more.
Nope, just wishing I had traded to increase my position.
It was on the back of my mind for the past week and I just couldn't commit to selling what I had accumulated for nearly a year. Obviously it's not a loss if I hold - green is green in the end.
Fool me twice - I could have flipped this twice now and probably doubled my position before oil sold! Oh well
Shorts have the same goal as longs, to make money, so were I a short I would fight to the bitter end to keep my money. They are just going to be on the wrong side of the trade when the next few 10Qs come out. And the MMs are just going to work for whichever side has control of a security so I think you'll see a very violent turn of the tables when financials are available that include oil sales from our new wells, and the MMs join the Force.
I believe the updated balance sheet in future Ks and Qs will be what steadily pushes the PPS up. I'm a gambler so I jumped in early; but I'm sure bigger pockets aren't going to jump into an investment without actual figures to back up their PPS expectations. Someone else today mentioned on here that many will probably view this as a pumping attempt by a share factory until the upcoming quarterlies and 8Ks hold real numbers. All in good time IMO.
Don't often see pre-market trades here. I don't want to get too excited though; I can't imagine shorts will give up their money without a fight.
I cannot wait to see how the market reacts when the sales figures for these wells hit a 10Q. Probably not going to be in this quarters docs though :(
When my position is green by 30-40% my glass is half overflowing ha!
Yes I do believe we have found a major growth stock here
Excellent, thank you - I hadn't gotten around to calling and honestly my lazy self was just going to wait.
Treaty pays royalties to the actual property owner, so what they are reporting in the PR is what they are netting from oil sales after taking royalties out of the equation. I'm sure that's because it's a simpler number to use when performing a valuation such as Coolnapz' examples because you can take out the royalty values which differ from lease to lease. Details on royalty agreements may be in previous 8Ks or 10K/Qs or hosted on the company website, or are available by contacting Treaty.
LOL exactly, that's why Treaty reported cash net of royalties. To answer your second question, I wish I was the owner.
Yup, that well is money in the bank
My that chart does look nice. Cheers to tomorrow morning and the rest of the week. We gotta have an 8K tomorrow - I just don't see how we couldn't.
Not often I look forward to a Monday - I would love to see an investor update that TECO sold their oil from the past week today. If not then that's just more oil ready to be trucked out next week though.
Bull with this crude are the production/operation costs the same thus allowing for a greater profit margin? Are there any different taxes etc on it? Just curious if $20 over the standard really means $20 greater profit per barrel.
There's a bit of a wall at .068 but hard to tell the magnitude without L2. Seems like volume would clear it though. Maybe that last 10 minutes of the day will do.
Hmm is the climb beginning... .067x.068 now with last trade @ .068
I agree, healthy close at or above .0695 and a PR or 8K on Monday. JMO
Like folks have already said, this is truly Christmas in July. I have never seen an oil reservoir until these Treaty photos and just seeing them filled with oil was a great feeling and a huge relief. Plenty of work ahead but they're proving themselves very well.
I'll be holding WTWO for a little while longer lol - got in at .012 on their first JV PR of the year and haven't averaged down at all (should have sold for a nice 15% profit but held on for like you said, a multibagger). I don't think we're SOL at all however, just need some sales figures that's all. Been focusing most of my powder on TECO the past few months which more than covers my current WTWO position!
GLTY and thanks for the input it's always welcome.
Well... I was going to buy more at .057 but my bank's site is down. How convenient...
GEM got your PM and following you now