GREY:STPJF - Post by User
Comment by
nikeherculeson Jan 01, 2015 10:41am
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Post# 23277710
RE:maybe the equity is not dead?
RE:maybe the equity is not dead?
Stockwrestler:
I know you mean well, but you'll need to do a little more homework than that!
Read through the STP financials and operational updates on SEDAR. Take a look at the cash balance over the last 9 months. Note the decline even with $100 oil. With some simple algebra, you can also workout the operating & financing costs for McKay from the Dec 11, 2013 news release. Can you use Excel? You'll find out why in the last news release it states:
"Trading in the securities of the Company should be considered highly speculative."
Take a look through the Alberta Energy Regulator documents, they'll tell you quite a bit about the technical side.
On the macro level, it looks like the whole Canadian oilsands industry is being hit over the head. Civeo (aka PTI Group) fell off a cliff due to room cancellations. Looks like 2015 will be slower up in Ft. Mac.
https://www.marketwatch.com/story/civeo-shares-crater-as-oil-price-rout-takes-its-toll-2014-12-30
For a crazy 2015 stock, try Africa Oil (AOI) - they have 6 months of cash left and islamic terrorists to worry about. But you could triple your money...maybe.