TAG Oil Ltd (TAOIF)

[Steponit]

Eventually people will realize that Tag Oil has a steadily increasing stream of revenue and a whole lot of opportunity to grow. They have a nice chunk of cash, no debt to worry about, and a very cooperative government in New Zealand that works with them instead of against them.

Yearly revenues:
2009 = 4,924
2010 = 6,528
2011 = 13,088
2012 = 42,909
2013 = 44,591

And steadily increasing quarterly revenues:
Q2 2013 = 9,616
Q3 2013 = 10,851
Q4 2013 = 12,298
Q1 2014 = 14,698
Q2 2014 = 15,885

Nice steady growth. A bunch of new promising wells in the works, along with income producing wells already drilled. They have their own refinery plants set up right there on the spot. It's a great setup, and I think this downward trend of the PPS doesn't make sense and should be about over. I rode TAOIF up several times in the past, and I'm looking forward to riding it up again.