The reason the PPS goes down when they announce a new field is because nobody knows how much it's going to produce...and since we can't trust them to deliver production numbers from 2 months ago how can we honestly even begin to speculate that this new field has more than 10 barrels on it? We can't, hence the reason why nobody cares.
In addition, when JC stops writing PR's like an roughnecker, the PR's might mean some more. I'd be happy to refer him to a marketing specialist because the PR's need more a marketing spin to get maximum potential. The PR's seem to be very technical...shareholders don't want that. All we want to know is how much money it's going to make us. We don't give a crap how much water was in there intially or how much water you're pumping out now. It's irrelevant and we don't care!
Maybe he's not writing the PR's and some college intern is. I don't know, but whoever is writing them is NOT doing a good job. I'd be happy to do some pro-bono work for them and put together a proposal if they're interested (since that's what I do for a living).
Management just doesn't seem to grasp the concept that trust is everything when it comes to an increase in PPS. It doesn't matter how much oil and nat gas they find and sell. They can say they're busy in the fields...or as everyone says here "I'd rather them be working than dealing with us." It's all crap, managements job...CEO is to be the stocks cheerleader. That's his first and foremost important responsibility. Let his operations people run the show.
ALRY has great potential to make everyone a lot of money. I hope they realize what they need to do because the status quo and current operations isn't doing anything for anyone except blowing opportunities. I hope they see the opportunity starring them right in the eye...RIGHT NOW! They have 2 months of production numbers sitting on someone's desk...they have 2 new fields that could be filled with all oil in the world...let's goooooooooooooooo ALRY!
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