I see positives in the company moves, quarterly results, oil prices. but I also see scary with low volume, and still losses. will we ever see $10 again?
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jay why do you promote pennystocksweekly about a stock that is a tanker, and you know it.
ahhhhh, they pay you. that does not seem unbiased jay. dirt bag
I didn't think the 1st quarter was so bad with oil prices hitting a bottom during that period. they did raise the pay for removal got rid of losing place, started oil product line
going forward for this quarter oil prices are up over 50% and have been for most of the quarter, still getting paid for removal at the higher rate, got financing setup, continued oil product line. expect to see a much better response this next quarter. I think on track for profitable by year end or 1st quarter next year if prices hold maybe (I need to see numbers next quarter), this may be a dream
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im not ready to throw in the towel yet, I knew it as not going to be pretty, oil was it's lowest this quarter. it has come up significantly, i'll give it one more quarter to see if the price increase by over 50% will make a change. I am looking at a different picture than you, numbers matter, but what is driving the numbers matter also.
sell sell scary scary crashbelow 50 cent coming better be safethan sorry run run to the exit exit door crashingbelow 50 cent
earnings release next Thursday, I'\m expecting good numbers (still probably a loss, but improving). that with a little positive future guidance could boost the stock. however if numbers disappoint and no positive guidance it could tank.
some thing I would like to see (and would help)
1. insider buying (it doesn't even have to be a lot)
2. better volume
3. more communications on what is happening
4. earnings - that is what will drive the stock and volume (I believe)
5. contingencies if targets aren't met, will do a, b, or c in all divisions
6. acquisition strategies that fit
realizing my thoughts are if the oil prices hold or improve from where we are now is what I base my comments on:
oil has risen about 15% (conservatively). I know there were ups and downs, but using $38 as an average
if revenue can increase by $1 mil ($240 k on the black oil revenue, $400k on the refining oil, plus growth in the whole business by about 1% ($260k)
would improve and cut losses, this would line up to be profitable by end of year, if oil can hold/increase in current range with pay for recovery, acquisitions, growth, and fiscal responsibility
i agree, the excuses should go away, but when. yes prices are up to over $40 but that impact is happening in the 2nd quarter, they need to stay that way for more than a day to make an impact. if it stays above $40, I will expect better numbers, if it gets to above $45 for a quarter, I will expect positive earnings from them. lets wait and see or if you are done waiting get out, move on, and stop looking back.
If you've listened to the last 3-4 Conference Calls, you've heard the same ol thing. Next quarter we should be profitable. And each time . " SORRY" But low oil prices kept if from Happening. With oil on the rise, wonder what New excuse there will be???