I Absolutely Expect Heating To Start In JuneBecause in March when the company reported 4th quarter 2022 they first gave an update saying q2 2023 listing all the caveats and while those caveats can be an out if things changed the company should not be saying the same things exactly 2 months later on yesterdays financials with the workover update. If the targeted time for the heating woukd have been delayed the company should have indicated in yesterdays update that heating is delayed. This to me when going by logic transoarency and courtesy strongly omplied that everything should take place sometimes in the coming month. While as i said the caveats does theoretically leave the company an out to me if they needed to say delayed they should have said so on the update and that too actually would most likely wait and in June say things are delayed if they are.
So to me there is 0 justifications caveats are not for heating not to start beyond this month. I will be most displeased if that should happen despite the caveats for the reasons i said. If it were to be delayed why include it in the financial wait two weeks after and say so or conversely as stated above give a fully transparent update on the financials workover/heatimg delayed so i am not looking for any delays now as the company had 2 ways to indicate delay but because it (workover) either being left out on yesterdays financial or stated as delayed did not happen like i said i expect heating to start coming month at some point. If it should not like i said i will be very displeased however i will possibly be able to grab more shares and i will see where things go in the 3rd quarter.
Lets when the heat comes and we get over the lowly .20s hopefully skip the .30s possibly .40s. I am not convinced when the heat starts this will punch above .40 as much as i would love to see that. I have the sp pegged between .30 and .40 sadly. If above .40 fantastic but the way things continue to go well i am heavily cutting back on more of a price increase. Unless something huge comes this year not that heating restart is no the damn thing only took nearly a year to get what i thought was a 2 possibly no more than 3 months repair nearly a whole bloody year to get done if it is done before or as of July 27 so that is relatively speaking huge but i dont think huge enough to drive to even a buck. People were wanting 2 plus fast after as do i but i will go conservative in light of all the tom foolery. Nevertheless i do expect more oil revenue when heating is on first phase and second phase and i do expect the testing over within 9 months from when the heat starts....i was actually thinking two 3 month phases or six months but i am tacking on another 3 months on top because i expect it done faster than a year and dont see any reason other than things damaging again and by the looks of it not having any back up parts so like i said fingers crossed. Assumimg heating is done end of June i expect this whole thing finished by March meaning the testing BUT if it should go a year then second quarter end. I will wait as i said first for heating to see where prices go then through the rest of the year. If i like what i see i will consider holding for multiple dollar values nothing less than probably $4 if i dont $2 may be a strike point.
To me this is the pivotal year as to how i will handle my holdings here i do expect the share price at no less than $2 still epic fail. With that said the share value isnt the only thing i will use to make my decision...transparency so i expect heating to start in June...progression in the first and second heating phases, avoiding too much dilution...i suspect the company will likely do another raise this year unless again it gets monies through government grants as the oil companies are making deferred payments in line with the data collected so no heat no pay until the cycle finishes so that puts monetary pressure on the company, if they cancel the 5 year excercise strike point or adjust it to 2024 there is no reason for such a long period not even 2025, and yes how the shares are trading which takes price into account meaning there has to be a tightening in both bid to ask where retailers are also getting the better prices not one where it looks like lots of shorting margin calls etc..for instance when there is an ask what people at retail pay someone shouldnt be selling shares at .30 and bids at .23 constantly where we are not getting .30 or way closer to it but .23 hell no there is something really wrong there so i expect the bid ask tighten strongly get back to more normal squeeze all the shorting and margin calls out along with having more continuous volume. Share values manipulated down or up is not good need largely volume to see the more accurate overall market perceived accepted value not sporadic trades some high most low and a meagre 10k volume average this needs to go way up. So like i said the share isnt the only consideration. If things are more favorable in all that i listed this year i will likely push the $2 ,price to $4 if not i will look to see around $2. But if things go extremely well i keep holding. Simply put this has way too much potential hasnt lived t0 it at all so lots of room to grow and i will wait before selling off i am not in a rush but i have things i am after.