I cannot say how VERY disappointed I am in WEE's performance. We are in the largest BULL market Energy HAS EVER SEEN and there we sit. The train has left the station and WEE is sitting on the platform.. AGAIN. I feel I've been punched in the face one too many times.
In business THERE ARE NO EXCUSES for not making sales or building your business..NONE. Especially 10 years of them.
So as we all wait and HOPE for at least one of our News releases to produce REAL SUBSTANTIAL REVENUE, I will do my best to put some remaining remnants to a positive spin on WEEs future.
I recently viewed a Tweet that quoted a (Texas) ShaleCo CEO .. His words
“I will not pump a drop MORE of oil, even if oil went to a zillion and Satan commanded me to”
So we can ‘partially’ assume Permian drilling is maxed out and secondary oil stimulation should flourish
Water rights for ANY oil field use ..is DEAD … especially in North America.
Chemicals (cheaper than stimulation) is also environmentally on its way out.
Stimulation will replace both of the above ..we hope.
Sand..like water, there is a finite amount and losing millions of tons of sand for fracking is also on its way out. Both sand and water can no longer be lost forever for the sake of oil recovery.
Again well stimulation should flourish to fill these voids especially with the new Environmental Requirements for all O&G companies.
So..time is our friend..or enemy. This Energy Bull Market will turn soon back to more realistic levels and if WEE is still at the bottom, it will get ugly fast.
If you look at our largest customers they all are flush with cash and by year end will be facing huge tax bills so Acquisitions is on everyones horizon.
Combine WEE’s tax loses ..add something for the technology (lol tax losses may be worth more than the technology) and add ‘SOME” good will … maybe ..MAYBE..$1.50 / share… but would would buy with these sales so far. No one will listen to promises any more. Show Me the Money!!
My view..I do welcome input if you think I have overshot. Frustation is my inspiration today.
GLTA
Regards