isn't it peaceful?, page-9

Everest,

Respect on the well worded reply.. despite it rolling off my back (see my sentiment is actually no position, I sold my long-term parcel at 78c until a bottom was present).

While you have your view, perhaps you could remember a few facts which you may/may not know:

-TRRC doesn't report production on wells that are under 1 year old. Thats why there has been such a disparity lately between TRRC and MAD numbers.

-What is your definition of commercial? last we knew, there were a large portion of wells which hadnt been worked over due to lack of rigs which are known (according to the company) to be commercial flowing when stimulated

-What is the limit of your skepticism? It's always good to have a limit to what you consider good/bad/price worthy.

At earnings of 6mil, their SP at 60c, the PE is 40. which is high I agree...

But if they increased to 1000BOPD, that would be 11mil, PE of 21, still too high?

What if they got 1500BOPD (15.5mil projected), PE of 16. What then?

Personally I feel the bottom was in last week at 50c and dislike that I missed it.

It may return there shortly, I don't know, I'm keeping my eyes open for technical entry, this stock moves 5-10% in a day often, good trading stock (and if production goes well, good long stock).