RE: RE: Looks like the light is now 4-5 months awa For you people that know nothing about this company other then what small amount of information comes across the wire I laugh at.
I spoke to the CEO because the pipeline was shut down far before he ever notified the public. I was calling him on his inability to properly notify the public as it is his duty. When information as pertinent as this is availed he MUST tell ALL parties involved...via public news release since the company is public. You guys are a joke. I knew almost 3.5 weeks before there was a hint of news out just by doing my own homework.
Then I wrote the company needed money when all the people here said no.
I just posted yesterday before the news release came out about the current balance sheet. Funny many here said nothing to back up what I said. Today was the release. Hmmm how could that be. So in the last 4 months I have been right 6 out 6 times. Even calling the correction of the price to the private emails I send to my followers. We all have picked up shares around this level once again.
The balance sheet is stretched CURRENTLY. This can change very quickly when the new pipeline comes on. That is old news. But wait to see the next quarters results to figure out where we are. I have said this before that it will take another 3-5 months to really see how bad the balance sheet really was LOOKING backwards. This company has a few ways to make the balance sheet look better then it really is. That is just the accounting methods nothing else to my knowledge.
Regarding security for those thinking once again they know a lot. The security I am referring to is for the new pipeline with shell. While in negotiations you can have that added in. It benefits Shell.
I know others that have talked to Shell directly and they are willing to entertain additional security on both parties contributing for the costs.
As for Agip ... If you ask Mart or agip for that matter to read the contract in place there is a language for certain consistency in oil flowing... example only... 18% maximum loss to taps along the way. The contract does not say pump your oil and you might have something come out the other side..come dense people. If you truly think the CEO is good at what he is doing..than you must believe he would not sign any contract like that.
Good luck jokers... Prove yourself. Give some information before a public release. ..... I will be waiting
Regards