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  4. Treaty Energy Corporation (TECO) Message Board

I've ranted enough about TECO's false starts and "

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Post# of 39368
Posted On: 08/22/2013 11:56:45 AM
Posted By: DTL
Re: fallingpennys #19435
I've ranted enough about TECO's false starts and "snails" pace.  On the other hand all it takes in the oil business is a few good wells producing and the price per barrel to stay approx. $100 and that could turn the ship around very quickly.  That is the risk and I accept that risk.  If TECO can't turn the ship around fast enough and crash's into an iceberg and drowns.  I'm still don't buy the reasons for all the false starts based on a long list of PR's.  I don't care how many phone calls I make and what I'm told.  I just don't believe them. It's like listening to blindinvestor; zero credibility!  I agree that there has been too much of "this is going to happen"  but then the opposite takes place.  Hence TECO's need to publish a weekly newsletter.  That was a very smart way to keep them out of trouble with shareholders.  Performance will be another way to keep them honest.  All it takes is the production of oil and other companies are pumping it daily.  Does the management team have the talent, education, experience, balls, etc to get us there? I think so based on what I've been hearing over the last 2-3 months. Prior to that timeframe;  they needed a wake up call and they received one.  Shareholders need to keep the pressure on and demand performance; not pump or exaggerate facts that don't exist.  Then there is the share structure and manipulation.  If TECO had more 2012 success then they might be in a position to cure the manipulation by now and reduce the share structure but that is ongoing.  It will continue until TECO performs and it shows in filings that are produced "on time".    


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