Help me out here.
So the BOTTOM of the range was $2.25 right?
Doesn't that make the bottom of the range a 13% return at current price of $17.30?
And the top would be a 22% return. Sounds too good to be true. I guess that is why its dropped since they included that little matrix.
There are a bunch of competing products to GARP. Shell, BP and several others have basically the same process. Daryl has a patent on this specific technology, but there is a lot out there. My company is kinda a competitor. The thing these guys have going for them, is the relationship they already have with the operator that they are working with. Its hard to introduce new stuff to the oil patch. If they are successful, they will get a few more independent operators on board. The fields they are working in have very small amounts of recoverable reserves, relative to other fields/companies. If they can get some larger fields (like some in Kuwait) , they could be the next Tesla. That is not going to be easy.
I would like to see them combine GARP with Chemical EOR. I think once they combine the two technologies, they will have something big. GARP recovery is limited to oil in place, were if they combined it with a technology capable of moving hydrocarbons into pump placement areas... I have been waiting for the phone call, but it has not come yet.
I bought more this week at 12.49, so I guess that really how I feel about it.
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