As long as the market realizes the lows are in and the dilution has been accounted for and gas and oil revenue increases are inevitable for 4th quarter; PPS should rise.  You know better than most if chart readers will be coming in due to double bottoms, trends, etc.  There are no surprises  in the 10Q only because the TRRC reports hold's Treaty accountable over the quarters.  Otherwise I think some of their PR's misled many; including myself that they were going to be cashflow positive with Madeley, etc.  I was hoping that they had some rabbit up their sleeve but not as far as the 10Q goes.  Maybe the rabbit is pulled out in some future PR between now and EOY.   I stopped believing "cash flow positive" mid-quarter and relaxed my projections to just better quarter over quarter numbers.  That is what shareholders have for the 3rd Q and will have for the 4th Q and beyond.  I am reading rumors that Tanjung Offshore will be providing a nice surprise by EOY but with so many PR's and so many rumors being dismissed; only time will tell!  Treaty will still be a huge success over the coming months and years and in spite of setbacks that all companies have.

Long and strong! Go TECO!