GREY:STPJF - Post by User
Comment by
Eyeinvestoron May 14, 2014 5:43pm
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Post# 22562530
RE:RE:RE:Sunshine Oil on Key Factors Contributing to SAGD Drilling
RE:RE:RE:Sunshine Oil on Key Factors Contributing to SAGD Drillingnikehercules wrote:
I had a conversation with Alistair Toward over at PI Financial two days ago.
Anyone who bought down here might be ok. Anyone over $1.00 is probably not going to be made whole. That's coming from Alistair's converastion with Dave Antony, the Chairman, earlier this week.
Alistair mentioned that if McKay can get to about 6000 bbls/day the stock should be near $1.
Aw shucks. $1 from here is only a 4-bagger! Anyone who cant get made whole with a 4-bagger elicits my sympathy. Eye will be perfectly content with 49 cents. That way we double our money from here and the Rug keeps his trousers on!
Seriously, The stock was at 12 cents recently. Even when it was clear that the banks were going to support a recap, we could still invest at 16 cents. When the first successful ICD was announced we were still under 20 cents. The peak after the second set of ICD results was 38 cents........The market is going to be a very willing seller to a bid between 50 and 70 cents. The only possible hope for a higher price will rest with Sageview who have a large enough position to be very influential....and KKR guys generally like to be paid for their assets.