Earnings will ultimately drive the stock price and furthermore support an upward move. I think we all realize that a press release in and of itself is sort of like a sparkler on the fourth of July. It starts out good, but ultimately it'll fizzle out.
If Treaty executes, then revenues from oil production will hit the books. This in and of itself would be unmistakable, tangible evidence that carry the most weight with buyers and prospective buyers.
The returns this month have been positive. There's no denying that. Continue to execute, and if oil flows from multiple wells spanning several of the company's leases, then ultimately all of this will hit the company's financials and that alone will be the primary driving force behind the stock price.
I personally think the stock is undervalued because I believe the company's drilling equipment, concessions and current oil production (based on the last, filed release) are worth more than a mere $0.05 a share. And I give little weight to the current manipulation in the market because this is something that will have less impact on the stock if, again, the company can execute its plan in the long run. Earnings are black and white, tangible evidence that are undeniable, so irrefutable that even Helen Keller can see it. And as a shareholder, that's what I will be paying the most attention to, because in the end earnings is what will sustain this company ... any company for that matter.
Honestly, I sort of laugh at these people who feel the need to incessantly bash a company and its stock, not to mention its shareholders. I also don't understand the need for some to constantly pump. I don't understand it because, again, in the end none of this will matter or have any impact whatsoever in a company's ability to stay in business. Having said that, I believe in being optimistic, but I think it's best to be realistic. So far, since taking a stake in the company, I've been very impressed with what it's accomplished. The greatest stock on Wall Street won't ever travel upward in a straight line, so progress is a process and I understand that. And I'm not a day trader. I'm in it for the long haul, so I'm willing to wait. Right now, I have no complaints and it's my personal assessment that the company has a good plan in place for substantial growth. Now let's sit back and evaluate the company's execution over the next year or so. As far as I'm concerned, that's all that really matters at this point.
