I attribute this to the new well that will certainly produce positive cash flow. whoever is following the company would react positively to this news.
More to come I hope! Oil dropping to 40 is not good. However, there is still a strong flow into the old pipelines and I would anticipate the repair/replacement crews are still busy and this should help. If not, layoffs are coming if they have not already. can't afford to have crews sitting around the yard.
they demonstrated yesterday as well and I went by twice. they took water from Copano Bay which is salt water and processed it using their demo unit. Pretty impressive. There were several different groups watching and listening. Again, until after 1 pm the weather was pretty miserable and that did not help for turnout. However, those that did come and watch seemed to be genuinely interested and impressed. I would not be surprised if there was not some business generated from their time. I visited with someone about the remaining salt that was extracted and the answer was pretty impressive--opened some eyes.
We will see what happens. Looks promising.
today I saw STWS folks out in the rain demonstrating the Saltech technology to a handful of people. Not having the weather cooperate is a bummer, but I think there is a fair amount of interest from members of the legislature. I hope they will update us on their efforts next week.
You obviously have no confidence in this fledgling company. I might suggest you sell your shares and find another company to invest in. Just my thoughts. I probably do not know anymore than you but I would think their are investors out there for this company.
Stock needs to hold $1/sh for some number of days before it can be listed. I would hope that is their goal--more exposure/recognition and that should be good for everyone.
I guess I am just a stupid romantic. I understand they are visiting with investors on a regular basis, may have signed the 24" pipeline deal for water, have capital available for projects, are selling the minerals that are left after treating the water instead of putting the discharge into the ground, etc. I am holding and would add on the dips. Might be the wrong thing to do, but who knows.
I think they are gaining momentum. Tx Legislature focusing on alternatives for water---.Examples-- Lubbock is looking at a brackish water aquifer to replenish their water supply, Corpus is looking for saltwater conversion for industrial electricity production; then you have the Ft. Stockton project. I think STW can be a player in all these activities. Don't give up hope.
Anyone have any information as to how the display of ability to produce potable water went (at the Odessa facility) went? Seems like if it went well, we would be seeing some "takers" in the stock. Not much action showing at all.
with the demos they are doing, exposure has to increase. When this occurs, there will be more interested parties wanting a "piece" of this company. I can see $1/sh coming in the near future if the Ft. Stockton well test is what they want.
I would be curious as to what companies and municipalities, etc. are participating/watching in the Odessa demo.
man and mchase,
They are releasing info that states they achieved positive EBITA the last quarter. So, I hope the water project along with the increased crews working pipelines and additionally the contract with one of the "bigs" in the oil patch demonstrate they are moving forward.
If you want to get copies of the releases, I imagine they will send you the info as well. All you have to do is ask.
2015 should be a break-out year--even with the current decline in the price of oil. The majority of the pipelines were built in the 20s and 30s and in dire need of repair all the time given the increased volume of product moving through them. Water is and will continue to be a MAJOR issue.
up to .827.....this is an increase we needed in my opinion. 2015 should be a breakout year. When they announce the proven water reserves, this should get things "movin"!
as soon as the amount of brack water is confirmed, this stock has to go. Imagine enough water for several dry towns that can be reasonably treated and distributed. Cash flow coming!! Stock price will follow and follow quickly. don't know how long it takes to build 190 miles of water line, but with the slowdown in new oil activity, the pipe needed may very well be available quickly!
This revenue source will be a savior for the company. Time frames, etc. should be provided for transparency in the valuation model. Pipelines will need to be patched, etc. so this line of business should be profitable as well. Fracking---does anyone anticipate drilling to continue at anything close to the pace from earlier this year? I see this being done at a minimum just to keep the leases active.
My Schwab account shows the split occurred and the share value is just $1/sh. Let's see .235 x 6 =s 1.41. If the value is now $1 that is a 40% loss today from the reverse split.
Anyone else seeing this?
$10B through 2020....and no promises. Looks like STW has a pretty good window of time if/when there is a new technology developed. Heck, the recovery process STW deploys should get better as well. Question of economies of scale will be the driver here.
However with the diversification coming from the Capistan Reef project the cash flow from this venture should be outstanding and provide a dividend stream to the shareholders in the not too distant future....exciting times coming.
I have not had good experiences with reverse splits. Citi's has not done well at all 10-1 when the stock was $5 and no positive movement since then. I recommend looking at several of these and making your own determination. So, personally I hope this does not occur Or if it did, defer until the stock commands a higher price on its own say $1/sh when it could be listed w/o a reverse split.
Many "penny" stocks trade substantial volumes on their own. I for one believe bringing on the Capistan well will add the needed exposure where investors will take notice and create more trading opportunities. May take another yr or so. However, did the stock not trade at one time for around $2/sh?