RE:In my opinionperrypirate 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?
Thanks perrypirate; glad to see some realism on this board to balance out the constant optimism. I am in long on this stock but hope it doesn't take two years to get answers (I can wait for results but lack of answers is disheartening).
Until BRS shows how they will actually make money, the stock price is going to continue to have peaks & valleys, as penny flips, shorts, bashes, & pumps will have control over it.
It would be nice if Byron actually confirmed how much profit BRS will see, if any, as it must be filtered through Aleanna Energy first. Has anyone found any info on Aleanna Energy (not Resources) as to the size of the company, number of employees, whether profit will be used to grow Aleanna or whether profit will even make its way to BRS. Just because BRS owns 100% of Aleanna Energy doesn't mean money will make it past Aleanna Energy (afterall, Aleanna Energy directly owns 9.74% of Aleanna Resoucres). I would love to know the answers to these questions, & others, but lips are tight on anything other than "news is coming" or "news is positive". Thoughts?