Originally posted by bahar
For what the company is predicting and its intentions, this is way too cheap, but have no doubt in my mind that it will hit new highs in the 1st quarter of this year and if a reputable company will become a JV, then watch out, HONESTLY, this could be the biggsst runner/gainer this year.......remember it is only 1c.....how many times we have seen stocks running to close to 10c from 1c.
I agree, Im getting excited about this company. If production numbers are good = revenue, then pay down debt = company starts looking sexy. This is just based on current assets which are up and running.
Throw in news of a JV, this thing will boom!
Oil goes up and down all the time. Look at the monthly. Oil prices are our concerns. Our concern is to get production numbers up, our current wells producing and start paying down the debt.
Any other news is bonus. New highs definitely possible in first quarter.