Top Bullboards post:
“Let me state that I still feel that in the longer term this company has great potential but in the near term there need to be some catalysts to ensure an upward trend in the share price. It is wonderful that they were able to increase their reserves but as I have stated previously, this is just a small piece of the puzzle. Wisee is correct that the near 400 million shares outstanding is a limitation to real short term price appreciation. Also, in Q4 they still reported a $1.2 mill loss so the implication is that they will need financing at the end of F' 2011 unless they dramatically increase their oil production. So if they have enough cash for 2011 operations, one can assume that whatever the profit for 2011 that will be their cash for operations in 2012. With an annual operating budget of $12-14 mill, they would have to make a profit for 2011 of the same amount in order not to have to go to the market for financing or they would have to go into debt. We are not even considering any capital expenditures yet. So you have to ask yourself, which is the most likely scenario? Even if they increase production to their current projection of 2000 bod by end of 2011, it seems a stretch to think they will have a profit large enough to fund all of their future activities from organic growth. Remember, it is not the year end production number that is the key, it is the full year average per month. So folks any investment here must be viewed as a long term commitment. We need to see some oil production growth and soon. Then we need to see a consistent growth pattern to develop. Only then should we expect the share price to move in any meaningful way.” From SwissTime on the Sea Dragon Energy (TSX: V.SDX, Stock Forum) board.
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Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:
littleguy123 asserts that he believes U.S. employment “statistics” are a total fabrication in the Outside the Market blog.