I feel it's important to share this with everyone here:
This was my response on another board and really summarizes to me, where we are at right now:
The post was this: "It is hard not to sell in these circumstances. Let's hope we get the PR we need sooner rather than later"
This quote sums it up for me, and I mean no offense, but to say "It is hard not to sell in these circumstances" is the mindset that causes weak hands to sell. It's understandable but probably one of the biggest mistakes you, or anybody else can make - particularly those of us who are longs.
I personally find these "circumstances" to be very good. Everyone seems to be so dead-set on share price as a reflection of the company and the lack of PR. I can understand that to a certain extent but for me, the "circumstance" that we had progressed to working with a TiER1 oil company on one of the most significant pipelines in the world is the part I tend to focus on. THIS IS THE CRITICAL PIECE RIGHT NOW FOLKS - NOT THE DAILY FLUCTUATIONS IN SHARE PRICE. You can't give in to the pressures of those who continuously post negativity on message boards. On the same token, you can take my post for what it is too right?
I can also agree to a point about the lack of PR and the frustration for shareholders that creates. That is understandable, but you have to think about things from STWA's perspective. Do you want to risk divulging information to the public that could potentially hurt your most important client at this point in time? It's easy for us to sit back and comment on "well...they could release THIS or THAT"...the fact of the matter is nobody has any idea what they CAN and CAN'T release. If I'm Gregg or the other Board members, I'm protecting this relationship like none other. Sure, shareholder sentiment is extremely important - but it's such a fine line with where they are right now in this transitional stage of the company.
As many have pointed out several times over the past few weeks, why would TransCanada continue to have the AOT on a LIVE pipeline for MONTHS if it wasn't working? Those who know the answer to that are the ones who will be rewarded for their patience.
