GREY:STPJF - Post by User
Post by
Backwardbladeon Apr 22, 2014 11:21am
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Post# 22476561
To put into perspective
To put into perspectiveAll it did was jump up on news of financing that would make this a going concern. There was no hard firm numbers on production. There was only a release dictating a direction the company was going. That alleviated alot of worry, but in the end production is the only thing that matters. We are waiting for May.
I have noticed much the same drop in price in a few other small exploration companies I follow....low volume and dropping/flat price.
Take SOG for instance. High Debt as well. Only been doing 3700 bbl but projecting 4200 and they now have a transformational pipeline in place that can reduce costs by up to 7$ bbl....no more trucking. They are trading at .48-.50 for a few months now. They are not SAGD, but there are some geological issues they seem to be overcoming.
Not pumping one over the other, I am just trying to put it in perspective, broadly speaking, as I was out STP at .36. I did buy back in at low .30's thinking that STP could move fast, if they got any good news at all. And management seems to release news suddenly now LOL!
But like alot of you, I don't relish doubling down like I did when it hit .11c. But I'm thinking about it. If SOG has laid in a base of .48ish then STP has alot of room to go.
My 2 cents.