RE:RE:RE:In my opiniondeet wrote: Goldy63 wrote: perrypirate wrote: In my opinion the only thing that is going to move this stock up on a continuing basis is news that they are actually selling gas. People are concerned that no matter how much gas they discover they will be hard pressed to sell it because of the screwed up political situation in Italy. Yes, Italy could benefit greatly by producing their own gas rather than buying it from Russia or someone else. But because of envirnomental nuts, crooked politicians, people with a not in my backyard attitude investors are worried how long before this gas will be actually produced and sold and hence generate revenue. Annoucnements about new discoveries will pop the stock on a temporary basis but for a sustained move I think investors will have to see sales of gas taking place. I have owned this stock since 2011 and am still underwater and waiting. I will continue to wait and believe that eventually the gas will be able to be produced and sold. The question is how long before that happens?
. I would say if their putting their gas in the storage facility in Pitito are they not getting paid?. Also TAP is coming to Italy end of 17 , early 2018 so many wells will have been drilled by then . Ill park and chill and hey financials are out soon as well . JMO.
The financials??! I guess they can't get any worse than the last quarterly report. The company is broke...and desperately needs some sort of revenue.
I too, as well, laughed hard at this eternally optimist, odd, statement!