Why is Tracer incapable of getting a Partner?????????????
I hate to pick on the CEO Steve Jacobs, but inspite of what has been said about him, he is yet to prove to investors that he is capable of taking Tracer to the next level. My god, if a company like XCL with over half a billion shares outstanding, and rather hefty debt load, can get a partner like Apache, I wonder why Tracer with no long term debt and over a million acres of lease with potential reserves, can't find a partner??????
I have been watching some small petroleum companies over the last couple of years, and every one of them with the exception of Tracer has done extremely well. I give you some examples below:_
LOM- Lomak Petroleum From 4.00-To $19 11/16th
CWEI-Clyton Williams Energy 4.00-To $18.00
AIPN-American International Pete 0.31-To $ 5.00
XCL 0.13-To $ 0.63
I could go on...but you get the idea.
And what happend to this director guy who is the M.P from UK, he is supposed to have lot of experience and connections in the oil biz and he can't seem to find anybody either.
I am glad to see the price firming up a bit, may be there is something going on, hope we will know something soon. I know I am being impatient here, but I got to blow some steam off now and then. |
