I realize rates go up and down. I also assume that TECO's statement of 20-25 BPD in the CC was based on rates going up and down. The flow rates quoted in PR"s, CC's and on Facebook need to be based on the lowest common denominator i.e. based on a certain percent of non-performers or repairs. If they said 15-18 BPD during the CC then we would all be very surprised and bit more excited over the current 20 BPD. The market is a game of physcology so shouldn't TECOs expectations to shareholders and the market in general. TECO set the bar so high during 2011 and 2012 that they have many upset shareholders and low daily volume. I won't mention walking the fine line on the "F" word. They are in credibility repair mode and should always come down on projected rates. Hopefully we hear someday that the lowest possible BPD for August is 200 BPD but we hit 300. Thats when the market gets excited, the buy volume goes up on better than expected projections, and the PPS goes up. Not projecting 300 and only hitting 200.
Posted On: 03/22/2013 7:15:03 PM
Post# of 39368
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