RE: RE: RE: RE: RE: Ex-date? Fair enough,
I do not doubt you will make money off this stock by holding it long term, Buchanan and his crew have a history of growing companies and making investors a lot of money. I think they also have the lands to make it happen. I just think they are going to have to wait and prove their model like Whitecap did.
I do however have to discount your comparison to Enerplus. In 2012, Enerplus averaged 85,490 BOE/d, a little more then we are looking at with spyglass. This creates a less risky dividend and results in Yield compression. I think your comparison to Whitecap may also be slightly optimistic. While it has similar production, it also has a proven model and less debt. You could have similarily compared the Renegade and Toscana companies that are trading at 11-13% yields, which is where SG currently sits. Lets just hope SG turns out to be a Whitecap and not a Renegade.
Like I said I hope for the best, I'm a win win kind of guy. I may even buy back a little myself. I too got in very cheap, .245 in CHX and 2.24 with AVF, but now that I sold at the top I have the option to buy back the same amount of shares and still have a decent amount of cash in the pocket.
Cheers,
1nv35t0r