TECO needs to get the FY12 10-K and FY13Q1 10-Q filed. As we all know, it will not show much in the way of revenue since Mitchell production just started in the last month. It will not be until the FY13Q3 10-Q that you see a full Quarter of revenue from the Mitchell wells. There are some investors out there that will not invest in companies that are not up to date in filings though, so if nothing else, the filings may bring in some more investors who are currently sitting on the sideline.
That said, personally, I am more interested in this rumored 3rd well in West Texas and the details on that. I'd love to see a PR on that this week and maybe a PR about SJ#3 next week or the following week. It feels like TECO is building momentum and the rise in PPS certainly mirrors that.
