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Treaty Energy Corporation TECO
Posted On: 11/20/2012 2:43:08 PM
Post# of 39368
Posted By: mmbane
Re: Oilfield Trash #3100

We've been asking for realistic obtainable projections and TECO delivered. I'm surprised the raise in revenue didn't reflect in the pps at least a little bit. Maybe because of the share dilution in the same report?


I too am not buying anymore for now as I'm in it for 70,000 @ an average of about 5 cents and today's .025 is 50% loss. TECO needs to increase production and revenue in the months ahead and hopefully without giving away the store to do that. Of course giving away part of the store is the lesser of 2 evils, that being bankruptcy.


This is a little unnerving for me now but I will hang for at least another quarter and see if they're able to deliver enough results to at least get close to positive cash flow.














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