Not saying Treaty is doing it right but I have to disagree with this part of your statement. "If drilling these shallow wells would be profitable then the big boys would do it. That's just common sense". and this one "You drill a well with money or you don't drill a well at all". On the first one I happen to work for small companies that make a killing where the big boys won't work because it is not enough for them. The "big boys" are moving and for the most part moved off of the shelf in the gulf, that does not mean that there is not a ton of money to be made. You have said before that TECO should go to ND and get in on some of that action up there where the real money and oil is. I wish they could. If TECO is having a hard time funding a shallow well in Texas what makes you think they could get the funding to drill in ND? 2nd, if you are saying that you should not use financing to drill wells you should look into many if not all of the small oil companies that make a killing in the business. When you have limited capital you don't throw it at a hole and hope, you throw someones elses money at a hole and hope. Just my 2 cents from things I see everyday.
(0)
(0)
Treaty Energy Corporation (TECO) Stock Research Links