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Tengasco Inc. Message Board

  • brian.caten brian.caten Sep 3, 2013 6:31 PM Flag

    Average TGC oil price at $101+

    If oil stays at current levels and TGC continues at current production levels there would be an additional $2,600,000 of revenue from Kansas oil production on the 174,000 barrels net to TGC. That is 2.6 million dollars extra for maintaining production at these low levels at these good oil prices. If oil goes higher the story gets better. And if oil goes down the inverse.

    I have been blindsided before from other stocks I have owned, but I feel good about TGC's future. I think it could possibly make .10+ profit this year. They are reducing overhead expenses. Less interest expense, disposal expense, Office expenses in TN, etc. I bought my original shares 3 years ago for .40 and feel that it is a better company today than 3 years ago. No hedges, or costless collars, No tn. assets except for MMC, which I hope they will be able to sell and pay off rest of debt. TGC out of management contract with Hoactzin. Generating good cash flow with decent reserves.

    Sentiment: Strong Buy

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TGC
0.420.00(-0.33%)Aug 29 4:00 PMEDT

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