TSXV:WEE.H - Post by User
Post by
gojotv!on Jan 14, 2021 12:38pm
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Post# 32297476
Good indicators...
Good indicators...Continued volume for a sustained period of time with a general "up" trend is a very good indicator that the oil industry is due for an upswing, and that Wavefront tech is in demand.
The fact that another oil services company signed on in the Middle East last month tells us that word has gotten around and that they felt they couldn't compete and would even lose market share without Powerwave..
I wish I could buy more at these prices (disclosure: I loaded in 18,000 shares last month, putting me well over 300k - I'm a bigger shareholder than most insiders!) because the spring may have a few surprises in store!
Meanwhile, we won't see profits until we see contracts, the renewal of our steady deal in the U.S., and cost-cutting. Wavefront needs to consider cheaper office space, since the big dreams of a decade ago don't look likely in the near term.
Can this company get their financial sh!# together? The tech is great, but the money side is a nearly $70M loss.
Keep your eyes on the AGM, which should be in February. And remember to vote with resolution when asked!