I guess I fall into the “AND OTHERS” category. I am very long, usually here, but rarely post – sometimes though, it’s just irresistible. Everything here is IMHO - despite remaining feeble attempts to bury the company, a rising pps is essentially a done deal at this point - it just hasn’t played out yet. The following is not speculation, simply a careful read of PRs, weekly updates and Qs – there is no need to speculate, it is all right in front of us to digest. We may have been in trouble when we were pouring $$$ into Belize the way a black hole swallows everything in its path. But now, we’ve stepped back, formulated a solid plan, cut expenses, and BEGUN to execute. We have made the choice to drill/pump, drill/pump, drill/pump rather than explore. The scene is West Texas – all proven – all we have to do is CONTINUE to execute the plan. Oiljob summed it up nicely: “What is the problem… Drill baby Drill!!!!” Again, this is not speculation – we got a peek at p-p-p-profit in the last Q. What does that suggest about the next Q?
So why is the pps still beaten down? Where else should it be at the current time? There may be a vendetta, but overall, its influence is probably small. The big influence is probably the hedgies shorting the hell out of the stock (we’ve all heard estimates as high as 200+ million naked short). There’s is nothing personal, no vendettas, just business as usual. Just drive the company down and out, and reap the huge profit – simple – just keep “walking” the stock down. But what if their greatest fear is realized – what if the company actually makes it. Some do, TECO will! Based on the last quarter, the tipping point could be sometime this quarter.
