What's your point with the 60 BPD? TECO has a bett
Post# of 39368
Posted On: 01/13/2014 5:34:32 PM
What's your point with the 60 BPD? TECO has a better NRI on the Stockton's than the Mitchell's but the Mitchells started out at same levels and were then sold. The bold print below from the newsletter suggests that an IP of 60 BPD means little when defining the bottom line financials.
I don't get excited over BPD numbers anymore and without financials, it's impossible to currently value this company. The market values it at .008 so what else matters until we have much better performance by management and their proposed wells. I find it funny they mention the word "normal". I need to agree with the implication that there has been very little "normal" about TECO's oil production or attempts at CFP.
"As Treaty Energy has explained though, the current status of the well’s production is not indicative of financial strength at this point in time. As mentioned, the Company is moving into a more diversified and normal oil and gas operation strategy. More information will be given on this particular matter later on this week."
I don't get excited over BPD numbers anymore and without financials, it's impossible to currently value this company. The market values it at .008 so what else matters until we have much better performance by management and their proposed wells. I find it funny they mention the word "normal". I need to agree with the implication that there has been very little "normal" about TECO's oil production or attempts at CFP.
"As Treaty Energy has explained though, the current status of the well’s production is not indicative of financial strength at this point in time. As mentioned, the Company is moving into a more diversified and normal oil and gas operation strategy. More information will be given on this particular matter later on this week."
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