Stream Oil & Gas Ltd SOGAF

new buyer

[Bobwins]

Been trying to buy Stream for a couple of weeks.  Nobody sells to the bid!  I got tired of waiting and bought at .87 yesterday.  Naturally it's down a little as somebody decided to take the bid!  

I like the huge projections, the potential for Delvina to generate big ngas production and for continued increases in oil productions thru workovers, new pumps and waterflood.  I am a little concerned about the size and pricing of  the stock they need to sell to finance the horizontal Delvina well.  Does anybody know the projected cost of the horizontal next year?  

Bobwins

[Darcyslaw]

Hi Bob,  Good to see a seasoned investor like yourself on this board, we need to get the word out there, because SKO themselves are for sure not doing it! The wait is frustrating, I have been in this stock since April this year after having followed them for the better part of a year. I thought that with the recent 8c per share profit and improved net backs, this was going to take off after

[Bobwins]

"seasoned"  is that polite for OLD?  LOL!      I talked with Jim Hodgson this week.  He confirmed $15million dollar cost for the Delvina horizontal well.  He said they are trying to avoid share dilution and are seeking an alternative to equity financing but it isn't closed yet.   I think the P&L that is due to be filed this week should show

[pistolpete96]

I see what you mean about how difficult it is to buy.  Do you buy the Canadian or the SOGAF?

[Bobwins]

I bought SKO.v for myself and SOGAF for relatives.  Like most illiquid stocks, you have to be the high bidder with enough shares to entice a seller to get out OR just buy at the ask.  Volumes have actually picked up recently so you probably could have bought on the bid recently.   Looking forward to earnings release at month end.  Expecting more increases in production and eps.

[pistolpete96]

If they can pull off the forward-sales financing vehicle- and therefore avoid dilution- I really like the prospects here.  Finally able to get a little SOGAF at 95.5 today. Thanks for the recommendation.