"it sure doesn't warrant"
When was anything TIV has done lately 'warranted'?
Buying CaCO3 mines, surveying gold properties, buying a copper property, buying and outfitting rigs only to sell them, 'paying forward' at Temblor, on and on. Sure, TIV is, at least temporarily, getting more oil out of the ground than ever before, but at what cost?
I'm sure it's been fun, but as you say, it's all 'marginal' and certainly hasn't 'increased shareholder value' in any measurable way ... like, raise the PPS.
TIV better show something tangible/concrete soon, or when those poor Russell sucke... ,er, I mean, Russell funds dump their shares in May, any of the remaining shorts that want to cover cheaply will find it really easy to safely dispose of the 'rocket fuel' without so much as a poot, much less a takeoff. That would be some amazing symmetry ... shorts sell 1MM plus shares to the Russell funds for over $8 bucks a share , then buy the same shares back from the Russell funds to cover at $2 a share.
JMHO
jonesie
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