I looked at your “public evidence” about the company and had a good laugh as well.
Its all either wrong, non-sense or irrelevant.
You are long on assertions and short on substance. Like when you said I was wrong about stockholder equity because I didn't comply with your personal definition, but rather the way everyone else does.
Let me dumb this down for you:
BECC has never drilled a commercial well.
Name a well, operated by BECC, or that BECC and its direct investors own more that 50%, that has paid out. Name one with published production that indicates that it is likely to payout. Consider only those wells drilled while BECC has existed.
BECC can't keep books.
BECC has already stated that they have problems with their books. Is this irrelevant or is BECC wrong about its books? Why is there no annual report if BECC knows its books are in order.
BECC brings nothing new to the business.
Name something.
BECC has never made money.
Show an FEC filing showing a profit for BECC or more importantly show a filing that BECC is willing to certify as correct. Is profitability irrelevant in stock analysis?
BECC has fired a third of its employees for ripping it off.
Show that this is incorrect. The public information is that they had 10 employees and three were fired. All sued.
BECC is slow to drill.
Slow is an opinion, but when it takes over a year to put a well online, that’s slow. The permit has expired on the SL 21339. Is that wrong or irrelevant? If you think I am cherry picking, then name some wells that were drilled and put online quickly.
BECC is slow to report results
Again an opinion, but they are months behind most operators on reporting production on some wells. The Teaf would be one example, though that is a BO&G well. Have you seen any production or tests from the Permian wells? The Blackstone 1 was completed April 27, 2014 and production has just recently popped up on TRRC and IHS. Hasn’t made it to DrillingInfo yet. Are either of those statements wrong? The Hankamer is a nice well that tested a ground-shaking 500 MCFPD. Though spudded in 2014, no production has been reported.
BECC overestimates well performance ability.
Show where the Teaf has made 160 BOPD.
The above statements are about tangible, verifiable things. If you cannot answer the questions or show the statements wrong, then you are making stuff up. So sort each into wrong, nonsense, and irrelevant. Let the other readers decide who makes sense.
