A lot of these sectors are guided by big manipulative trading house,BIO will have its day and oil will have its day,there all cycles.Many bio can look strong and crash because its all depends on future devolpment,Oil has a long way to go in its cycle,TTe is high risk...but if they can produce oil at a flow rate of around 900bopd then they are considerably derisked and allows for sustainable growth,were as BIO constanley needs funding par for par then bio is a higher risk. Perry ranch is the company maker to degree,if it fails then TTe will be stuck in a 3yr cycle of funding and drilling low cost low bopd wells to dig its self out. To load up now is your option,look at the data and facts before making such a high risk decision,if your confident with the lease ask a good charter and they will give you a an entry point that will be based on sound advice and as clinical as it can get when looking for a safe long term entry level. You can have great managment and really bad luck in drilling for oil,there are so many outside factors that make an oil company succesful,its imperative they stabilise a commercial flow rate,you all know that.Have stayed with TTE as i see the latter as there position,good managment bad luck,but the law of averages says that well it has to turn.
GEV Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
