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Oh I agree! I bet we close at .03 by Friday
Absolutely! Hopefully we can break .03 by this Friday. This stock is set to be a 10 bagger. I know "gut feeling' is frowned upon, but all the signs are there. We have Infrastructure and Tax Bills supporting this stock, not to mention that the management team has a PLAN; something most OTC and Pink Sheets don't have. Not to mention, TVOG has applied to NASDAQ. Complying with NASDAQ isn't free, and I imagine that the application isn't either when you count lawyer fees, etc. While nothing is guaranteed, I do see blue skies ahead for this stock.
.07 Didn't happen today, but I think it is certainly in the cards. The Street is starting to pay attention to infrastructure and shipping stocks - two markets that TVOG competes in. With the Tax Bill and the Infrastructure Bill making their ways through Congresss I think we will only see tailwinds for TVOG.
Would the 43.8% be the shares held by the general public...? Or did I completely miss the boat?
What is?
Do you see it trading down after hitting .07, or that is our new floor
I agree! Strong action this morning and it hasn't started to trade down yet
I didn't realize how fragmented the industry is. Good to see that they have a plan on how to bring in vertical integration.
You think we can break .03 this week?
Totally agree! This stock is making me have a very merry Christmas
Yes! Glad to see that they are raising capital, and more importantly, have a plan on how to spend it.
Fair enough. I think my post made my stance on a neutral rating seemed more pessimistic than it was supposed to be.
That's very true - diversification is key.
Hahah! I agree with that? I was tying to see what other's opinions were, but I agree that there are some major tailwinds for oil.
Ah good point. Though if they are profitable at the project level, that is a good sign. Reducing corporate overhead should be easier than getting projects profitable? No?
Well congratulations on your "mistake".
Ha! Thanks for the welcome
Yeah, I have been getting that feeling too. Come on december!
Down 6%?
I read a WSJ article and they referenced a $20 per barrel development cost. Though, that might be rather low as that was for the majors and across all projects. Looking at BBG's finances, I assume that they will be profitable at $50 per barrel development costs, so I guess an industry comp is moot.
Lost track in a good way or bad way?
To be honest, I am not sure. I've just been reading that their creditors are destroying the company?
$50 per barrel for CAPEX? That sounds kind of high, no?
So if the December update is positive, I'm guessing you will buy?
New site is up! Hope everyone has seen it. Not a bad start at all.
Can't wait! Come on infrastructure bill. Daddy needs a new Rolex!
Gottta watch those insiders! Nice buy! What is your ultimate position?
So what about VTGDF's creditors? Aren't they just destroying the company?
Ah ok. So VTGDF shares in VDI were given to VTGDF's creditors. So...what does VTGDF actually own?
So according to that article, the stock is headed south. However, I thought that they had a decent cash position and were increasing revenues?
I might be. I think I was trying to see if you think that it will sink to below $40 even after OPEC announced continued production levels.
Ah very true! Well when these guys need to sell, I like to take the buying opportunity.
Completely agree! I absolutely agree that the shipping industry is experiencing a resurgence and am excited to see how shipping stocks perform
Ah ok. It sounds like the shipping industry is experiencing quite the resurgence. Though, with the rumors of a market crash, I am cautiously optimistic.
Very true. If anyone has any news, let the board know!
Hmmm down 2% today after $100 million issuance. I guess this is neither good or bad. It is some dilution, so hopefully they know what they are doing with the cash.
Hmm, well the neutral rating is neither good or bad, but I would take that as a good sign if coverage is initiated. Why would they initiate coverage on stock that is destined for the trash bin?
That's true. Do oil and gas companies take into opportunity costs? I was thinking that while it might not make sense to develop assets, today, it might sense to start development today and then finish when prices start moving.
Hmm...I don't know if that is good news.
You think it will sink to $40 even after OPEC's news?