When the once eternally optimistic and unflappable TG turns sour and
bearish, I view it as a great contrarian indicator to go bullish
on CSMA. The story hasn't changed - just the timing of the expected
developments. As sad as this depression in stock price is, and I join
the seething masses who are 50%+ in the red, I still believe that
the best is yet to come (Do I hear Bob Seger's "like a rock" in the
background ???).
My understanding is that final discussions with the Utah authorities
about Class V compliance requirements are underway, and that the
process of building a Class V disposal well client base is expected to
begin in the next few weeks. The $$$'s will start to trickle, flow
and then pour in eventually. TG and others have calculated all sorts
of permutations of the $$$s to be earned there. Even at near worst
case scenario, the revenues are impressive. Just don't expect it
to happen overnight.
The shareholders' letter regarding LPS operations said to expect news
about LPS operations and profits in June. Sometime between tomorrow
and 30 days time, we might get another positive press release.
Adhatters continues from strength to strength.
Who the %$#* knows about CO&G ?
The moral is, things are and will happen. We are seeing a depressing
and frustrating shakeout on no news, and kudos to the daytraders
and momentum players who have made big bucks. However, the company
can't release weekly no-news is good news bulletins, and was
heavily criticized for the recent "insignificant" release about
the $45,000 oil/gas investment by CO&G. When, and not if,
significant developments occur, we will be notified accordingly.
Until then, I'm prepared to weather this bearishness and the morbid
tone of this discussion forum.
Regards,
Durro |
