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.