DTL ... first of all, regards. I hope all is well and I enjoy your posts.
I must say, at the end of the day, it doesn't matter how many bidwhacks are conducted on the stock throughout a given day or over the course of the week.
The plain and simple truth of the matter is that these activities, which includes but is not limited to NSS, are not the primary reasons for TECO's stock trading under a nickel. The truth of the matter is that to this point, the company's debt has exceeded its revenue or earnings. As a company, you are what the numbers say you are. Period. A lot of prospective investors on the sidelines, not yet ready to jump into the company as you and I and many others have, are waiting for hard-boiled numbers. They're waiting for sustainable oil production which will lead to subsequent earnings. I assure you, not all, but the vast majority of the prospective investors eyeing Treaty, those that are keeping the company on their watch lists, couldn't care less about some of the manipulation that's routinely conducted with this stock or for that matter any stock. These people are no different than Doubting Thomas. They're waiting for tangible, hard-boiled earnings.
It's not that PRs do not matter. I think that they do in the sense that they show that the company believes it is important to communicate to its shareholders and to provide clarity, as much as possible, on its numerous projects, accomplishments, challenges and of course long-range goals. But again, and as I learned many years ago reading books by Peter Lynch, while there may not always be a direct correlation in a company's earnings and its stock price in the short run, IN THE END, there is almost always a sure-fired correlation between the company's earnings and its stock price.
Treaty isn't in the Eagle Ford. It's not in the Bakken or the Piceance Basin. But it doesn't have to be. I am satisfied that the company's concessions hold enough recoverable oil to elevate production levels to the point where earnings will ultimately drive the stock price and subsequent perception of the company within the market. To me personally, that is not in question. The only question at this point is execution. That's what shareholders and prospective shareholders are looking for. Pardon my candor, but if the company starts executing, as it expects to do, and the numbers are reflected on the balance sheet, honestly what so many of these retail investors and daytraders are trying to do won't mean dip.
I think what's got to be encouraging for shareholders is that Treaty only has to hit on a fraction of its projects. I give no weight to all these projections but I do believe a mere fraction of those projections - such as 400-700 BOEPD - can substantially elevate the stock price over time, and of course the perception of the company in the market.
Just my two cents.
