TECO undervalued based on this. Treaty currently has a market cap of between $30M and $33M depending on minute pricing. However, Stratex Energy has a market cap of approximately $110M. Stratex had revenues of less than $100K. Treaty about matched those. Stratex has less than 25,000 acres of lease holdings that they may explore and produce. Treaty has over 3,400,000 acres that they may explore and produce, and in fact are producing and have wells drilled to bring on line in west Texas and Belize, and production in east Texas. Yet, Stratex has a market cap three times Treaty's. After reviewing the opportunities for both, it appears that Treaty should be about .15 with a vastly greater potential than Stratex, and with current operations of production. I'm sure other posters may find other energy companies that can be compared to Treaty. If so, please post them. It is important for shareholders to understand they have a company that is probably well undervalued not only for what it is currently doing, but for the vast potential it has for future production. JMO
