RE: Genius or fool at the top?I’ll admit I’m far from an expert in the area of oil exploration and development; however, as with any company, I feel best comfortable knowing cash flow is coming in. Whether that be from “our” solely owned resources, or, from the other partners “we’ve” been drilling for.
What is the consensus on when we will see some of our joint-ventures producing and ultimately delivering the goods that will strengthen out balance sheet? I’m sure this has been discussed before..? And certainly one of those ventures should be producing before Brenda (thus, enhancing our balance sheet)? Right now, as you can probably tell, in similar respects I agree with “TECHANAL”: Let’s focus on getting revenue’s coming in. Be that from joint ventures, or, from our own projects.
The “traders” can have their way with this stock; I can’t control their/your motives, except, in the fashion that I haven’t givin' them/you any of my shares (to date). I do, however, see their/your angle, and am happy to play the game --> I notice when the stock is declining and when the bottom hits, I’ll be buying more. The 1yr chart (IMO) still shows that this stock wants to climb up. The shorter term charts are slightly different. Regardless, at the end of the day, the fundamentals have strength and that’s where my sights are focused. Still, it’d be nice to see $$$$$$ flowing sooner then later and I “trust” that management shares a similar view.
Cheers,
Sky
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I don't know if the big guy at OIL is a genius or a fool.
Start pumping Brenda now and run up the share price 50% and get good cash flow in at today's price per barrel, reduce the debt load and have funds for more drilling etc. Or, have little or no cash flow, run up the debt some more, issue more shares and warrants keeping the share price low and wait for $70 or $75 per barrel prices before pumping. I say start pumping, stop spending borrowed money. What do you think?