Good day for Treaty bulls/bad day for Treaty bears

Good day for Treaty bulls/bad day for Treaty bears (aka SIOR bulls)

I forgot who said it but there is this one quote that goes "Lord, I have but one prayer, and that is for you to make my enemies look foolish." I wrote extensively on how SIOR was the biggest scam in the penny stock oil space, and it was no surprise that the TECO bashers were pumping that stock with the ferocity they used to disparage Treaty Energy.

Treaty slowly moves forward in the oil fields as we can see from the updates. I've obviously discontinued my daily analysis and am watching more for what they do on a month to month, quarter to quarter basis as I have more pressing matters to attend to right now.

However, if you take a look at the stock price it has been holding the 1.5 cent area since mid December and keeps trying to get back above the 20 DMA. This could be a multi month bottom formation process in the making as far as the tape is concerned. We will be watching for price to get back above the 20 and 50 DMA, as well as for another cross back above for a confirmation of a change in trend.

This is something I'll watch for maybe towards mid March or end of Q1 at the earliest. I actually came across someone in my local chamber of commerce who is doing an asset raise for another resort developer down in Belize, and will be showing them our stock towards the end of the month since they already are looking at Belize plays.

Looking forward to this conference call, I'm sure we all have many questions.