RE: bummer I lost 50%Jocoto, BT3
Where the hell did you ever predict that multiple enbridge pipeline issues and a breaker short would be the reason for opti's stumble. But you knew that would happen and that we would have no produciton news to chew on by this point........right!
BT3 spouts garbage..."200 million loss this qtr"..... with nothing to back it up.
Joc spouts.......I told you so...........after almost buying at a buck.
In two weeks, when we hear about the new wells in production, a nice rise in sagd rates, and possibly some operating profits..............I will then at least be able to tell you WHY I told you so.
Here is the skinny boys....
1. OPTI HAS ENOUGH MONEY. As production continues to climb every day, the interest, capex, and transportation burn goes down....say $60-70 mil this qtr, $30-40 mil the next and maybe $10 after that. OPTI at that point, will have $200 mil to use if needed, and growing more cash profit by the day.
2. PRODUCTION IS GOING UP, SORS ARE GOING DOWN. You would have better odds betting that your car will catch on fire on the way home from work than betting that the LL field doesn't work. EVERY peice of data shows that this formation is responding very well. Go ahead, show us otherwise......oh right.....you can't.
3. NEWS TRUMPS SENTIMENT AND TECHNICALS. Sentiment is down, and the bears are feeding.........no $hit sherlocks! You guys think your telling us something we don't know? Hint; ever see what happens when you point your sligshot up in the air and pull the elastic down, ...like really, reallly hard........think about it.
Now, take this as a tip on investing; Bet on #3....always! In this case, IF you don't know what #3 is, then revert back to #1 and #2.
AND if you don't think that #1 and #2 are important, then short away! I'll hold your shares for you.
Funny thing is, you guys talk up your favorite companies but you don't even show any numbers or data to draw a conclusion with.........;
83 cents.......not bad..........not bad at all............looks like my last order got filled. Time to make popcorn and watch the show!
Giver.