TSXV:WEE.H - Post by User
Comment by
brnt999on Jul 08, 2010 11:17pm
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Post# 17255819
RE: ~ 1 1/2 Months
RE: ~ 1 1/2 Months"Pemex waterflood deal? BP expansion? Offshore results? Denbury deal? All we need is talk about increased liklihood of these deals. The increased confidence provided by the above events should also increase their perceived liklihood."
All of these potential developments were what drove the stock to 2.70. Investors had high expectations. Their high expectations havent materialized and that is what has brought the share price to 1.50. The company either needs to put up or shut up.
I dont know where it came from, but I had expectations of a waterflood deal with Pemex. Instead we get another well stimulation, the second of five.How long is this exercise going to drag on?
In the last Q report Brett said
" The Corporation has reached agreements with Agent representatives in the United Arab Emirates and Qatar. We anticipate establishing offices and personnel in the Middle East, South America and the North Sea region to more effectively market and deploy Powerwave. Positive traction has been established with representatives of the OPEC nations and confirmation of Powerwave stimulation and/or waterflood programs in areas such as Colombia, Argentina, Oman, United Arab Emirates, Ecuador, Indonesia, as well as the North Sea Region is expected in the near term."
That statement created expectations. Where are the results. The whole world as a market with thousands of waterfloods and Wavefront hasnt made one sale? He said positive traction has been established and confirmation is expected in the near term. Well--were waiting.