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Tengasco Inc. Message Board

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  • styro90 styro90 Apr 26, 2011 10:02 AM Flag

    Big Government

    Thanks for that thoughtful reply. It helps to clear my thinking a little. It begs the next question: why are these small oil companys stock prices remaining "lowish"? should I wait for a jump before selling or expect them to hover low and sell at a minor loss and put money elsewhere? decisions,decisions!

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    • 90- I believe the stall in stock appreciation @ these levels is due to the recent(2008) history. The run up in 2008 precipitated in part an economic collapse & subsequent sharp decline in oil prices. Today in many respects is no different where a run up to $140 could lead us quickly back to $50/bbl. The effects of $110/bbl can be seen & heard daily & the underlying fear of what it cud bring yields caution. $100 oil is bearable & w/TGC's lifting cost of $20 bbl quite profitable. What TGC needs is more production going forward which will counter an inevitable fall back in prices as fundamentals once again control the pricing(IMO).GLTA

      Long TGC/Energy

0.98-0.04(-3.92%)Oct 26 4:02 PMEDT