Post by
gladiatoro on Aug 19, 2023 8:02am
Down hill ski slope...
The three month chart looks like a GIANT downhill ski slope...it's DISAPPOINTING....investors obviously have LOST confidence in Trillion energy I sure did....I just don't see any price movement until NEXT year....remember BUY on good news...sell on BAD....once Art announced that the new sea well program has been put on hold investors LOST CONFIDENCE and the share price just kept dropping even though I think he did the right thing....Art admitted the SASB program hasn't moved the share prices in the right direction.that's why he is going after BLACK GOLD....at only 3 million per well it's the logical thing to do vs 12 million for water wells...and in the second quarter of next year continue on with SASB and the 17 well program...while banking some money in the mean time from the 6 producing wells that need to be repaired and adjusted for flow rates.
The potential is there for Trillion energy but for now it's a WAITING GAME...and that's my 2 cents worth of analysis.
Remember NEVER fall in love with a company if it's NOT making you any PROFIT then it's time to re evaluate your investment...do you really want share prices to hit 15 cents ? ? because unfortunately they are heading that way...earnings report should be out within a week or so but with the TONS of shares out there I just don't think it will be enough to move the needle at this point in time.
2024 could certainly be the BREAK OUT point for Trillion energy....and it might just be a SUPER BARGAIN to get cheap shares next year...but it all depends on BIG NEWS...
Comment by
TheLandedEagles on Aug 19, 2023 8:27am
Well summarized,..and Thank you for your opinion and for your honesty. Hopefully, we can revisit this play next year... GOOG LUCK TO ALL!!!