Petrostar(PEP) v Wavefront Energy(WEE) I took the time out to go to Sedar to check out the Revenues for Wavefront for the past 9 months and all included it was around $1 million dollars(average of around $350 a quarter). I also noted that after expenses they reported a loss in excess of $3 million.
Theres little doubt in my mind that Wavefront after having risen to $6 in January 2006, has it would appear, accomplished so much less than Petrostar is currently achieving.
My reasoning here is that it is now 1 1/2 years since everyone got excited about WWE's technology and the Revenues certainly do not indicate that everyone is lining up to buy into the Technology. Obviously at best, moderate progress has been made
With about ONE THIRD less shares outstanding, WWE's shares are currently trading at $1.18 or 69 cents more than Petrostar's. shares.
I think the next thought that comes to mind is with the very visible progress that Petrostar is making, PEP's revenues could easily exceed $20 million even a year from now, bearing in mind the considerable increase in Revenues that 7 or 8 Down Hole Tools will generate.
This is indicitative of a much faster progress rate than WEE has shown and perhaps the BIGGEST thing of all that Petrostar has is the excellent potential for the commercialisation of the Down Hole Tool. I don't think it takes too much to acknowledge that this Technology is something the Oil Industry desparately needs. IMHO it won't be that long before they will become involved as logically you have to ask the question "why wouldn't they?".
All of the above makes Petrostar, as an emerging Company.a great speculation at 39 cents and the above comparison with Wavefront(WAV)clearly confirms this IMHO. GLTA