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  4. Treaty Energy Corporation (TECO) Message Board

I think when you can buy 1500 shares of a publicly

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Post# of 39368
Posted On: 04/24/2014 5:36:24 PM
Posted By: energyguy66
Re: Oilfield Trash #27089
I think when you can buy 1500 shares of a publicly traded oil and gas company for the price of a latte at Starbucks it's probably a buy. OT while you have every right to be annoyed and the checkered history is voluminous your numbers are off. Oil is $100 per barrel and currently in West Texas we get NET OF TRUCKING between $92-93 a barrel. Two 2000 ft wells drilled complete and tie in run about 200k, try and buy 2 bbls/d on the street for less than $100k. If these guys actually got focussed on success and finding a 10 bbl/d well instead of endless blue sky you might make enough to have a latte every day. At $10000 a flowing barrel you're golden and the investors get consistent returns. Stick to your knitting is what I say. There is a whole lot of money to be made in and around Abilene/Tuscola. Right under their noses. Investors need to demand a pair of mittens instead of expecting a sweater out of a penny stock company. Also their "technical" crew is well known on the Post Office bulletin board as well. My experience in the patch tells me Hollywood hasn't produced a whole lot of technically qualified oil finders


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