Here's my projected time line for TECO Next 2 wee
Post# of 39368
Here's my projected time line for TECO
Next 2 weeks - Nothing but BS naked short selling into bids with volume right around 1 million shares a day but probably much less
Mid to Late September - Company gives us some PR about the cumulative oil production which comes out to 200 bpd or more. Updates on W. Texas. TECO stabilizes in the low nickel range.
Mid October - Another round of updates with more aggressive tone giving us stronger guidance for Q3 earnings via current flow rate. Maybe we even hear an update regarding the horizontal drilling in Shelby. Price makes a move through 7 cents and bears work on keeping share price under 10 cents.
Mid November - Q3 earnings released, TECO clears 1.5 million in revenue for quarter which is 115 times greater than Q2 at 13,000. Management uses this opportunity to make even more bold projections, TECO catches the eyes of bigger players. Material production information either leaks out or is officially released out of Belize. Price clears 15 cents possible gets as high as 20 cents.
First Quarter 2013, we get the Q and 10 K out in record time showing 2 back to back quarters of revenue growth. With a full 90 days of oil production at 300 bpd in Q4, TECO clears 2.7 million nearly double Q3. Management gives guidance on 10,000 bpd production by year end but market discounts it to 1,000 bpd production TECO is at 50 cents a share by late Q1.
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