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Re: parshooter220 post# 9044

Saturday, 08/22/2020 10:19:26 AM

Saturday, August 22, 2020 10:19:26 AM

Post# of 13335
That buyback alone should theoretically cause the stock price to cross .20+ in order to keep about the same market cap...we are pretty certain about a RM w/ Watson Energy coming in here and them probably partnering with USR Drilling, so I feel those were somewhat priced in already..

What is not priced in even at .20 is whatever additional "acquisitions"(they mentioned in tweet) they have lined up with that $50ml project financing...You can get quite a good deal on oilfields from all of these indebted oil companies that cant afford to drill/maintain what they have because they have too much debt (and their lenders have cut off addl financing) and their cost to get it out of the ground is much higher than ours would be...there are probably many offers crossing their desk now. I have reason to believe we may close on one this week...

Plus this stock's float is getting pretty locked up at the moment...We have quite a good batch of long holders here that own the majority of the float...I doubt if there is more than about 2 ml shares not locked up by longs at this point.. If they put out amazing PRs spaced out just right over the next 2 weeks....I really have no idea how high it could go....Selling now makes little sense to me...At the end of September my oldest shares will be considered long term gains and I will pay considerably less tax on them selling beyond the 1 Yr mark...I sold some of my shares during the last run up to .10, which almost paid for all the shares I hold now, so I'm basically riding freebies and have little reason or pressure to sell right atm...I have almost no risk, and a great chance at a big reward...Loving this company and the accomplishments so far.

$1 is possible if oil continues to slowly climb up over the next few months imo...Best to close the deals now...Plus the chart on this stock looks fantastic and a .10 break gets us out in blue sky territory on the 10yr chart....I have a very strong feeling this stock will be at a much higher price by Labor Day...Is it Monday yet? hahaha