GREY:STPJF - Post by User
Comment by
kavephishon Apr 05, 2012 12:45pm
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Post# 19763626
RE: RE: What the frig?
RE: RE: What the frig? Let's keep in mind that this is a sector issue and is not unique to STP. Look at the one month charts for SU, COS, IMO, ATH, XEG etc etc etc......all down 10-20%. everyone is getting beat up recently. This stock was $1.95 when all they had was a dirt road and an ERCB approval. This stock was $1.90 again not long ago. I think some of us are getting the steam jitters because we are so close to starting operation and we all want to get rich quickly and expect the SP to appreciate exponentially. Speculation and good news has been driving the SP up and production from Senlac has been flat. What we need to really get this thing on a sustained climb is an increase in production resulting in an increase in cash flow. Only then will we see a true increase in value based on tangible assets. Look at the 10yr chart for SU.....the SP floated in the $13-$14 range for years before a steady climb to $70 over the next 5, not including splits. Longs were probably frustrated then too initially, and now they're golfing, sailing, and drinking for a living. So yes, patience with market fluctuations.