GREY:STPJF - Post by User
Post by
hudson1234on Jun 29, 2014 12:46am
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Raymond James
Raymond James
Here is a link to some research done by Raymond James in March:
https://www.andrewjohns.ca/sites/default/files/STP032714cup_232210.pdf
A few takeways:
1. As Eyeinvestor noticed the first term lean facility is supportive for a takeover.
2. McKay will have to ramp up to 5000 bbl/day to breakeven in a timeline of 12-18 months from March.
3. They expect a jump to 2750 bbl/day following phase L drilling at Senlac and long term production at 2500 bbl/day.
4. NAV at .48 cents per share.
Obviously this information is a few months old, but good information non the less.
Hudson