bought some TEXC today. Not much activity but that's pretty par for the course. I like the dual approach of TEXC. They have one of the few approved ways to get rid of slightly radioactive waste water and they have disposal wells for waste water from the Eagle Ford formation. The drop in ngas but especially NGL prices may slow down the Eagle Ford a bit as these wells tend to depend on NGL's to improve their economic performance. However drill applications are still at record levels. This should bode well for TEXC going forward. The company needs to increased profits to pay for the debt incurred to finance their current levels of performance. The interest rates are high. Hopefully after a few qtrs of consistent profits, they can get better rates and refinance.
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