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Touchstone Exploration has recently started production at the Cascadura C well. This is an exciting development for the company as they continue to expand their operations in the energy sector.

The TipRanks Smart Score performance mentioned in the article is based on backtested results. It’s important to note that backtested performance is not a guarantee of future results. The results are based on a strategy that was not historically available to investors, so it may not accurately reflect actual returns.

Backtested results are calculated by applying a model to historical data. This model makes certain assumptions about the market conditions and trading opportunities that may not be realistic. Changes in these assumptions can have a significant impact on the backtested returns presented.

It’s crucial to understand that backtested results are developed with the benefit of hindsight. This means that the model can be adjusted until past returns are maximized, which may not accurately reflect actual trading conditions.

Additionally, backtested results do not consider the impact of certain market factors, such as lack of liquidity or economic changes, on the decision-making process. As a result, actual performance may differ significantly from backtested performance.

When looking at backtested results, it’s important to consider factors like the reinvestment of dividends, management fees, and transaction costs. These can all have an impact on the overall performance of an investment strategy.

In conclusion, while it’s exciting to see Touchstone Exploration’s new production at Cascadura C, investors should be cautious when considering backtested performance. It’s always important to conduct thorough research and consider all factors before making any investment decisions.