GREY:SCSZF - Post by User
Comment by
stackyon Dec 22, 2010 11:13am
477 Views
Post# 17882194
RE: RE: RE: More Problems?
RE: RE: RE: More Problems?Yes, its very easy to get uncomfortable when you see your investment shrink. I think that the market is just responding to the Judy Creek fire.The thing to ask yourself is this, am I in for a quick buck? or am I an investor? These guys are right in the middle of one of the hottest oil and gas plays in the country. SCS has 660 drilling targets, and at the low end a unrisked reserve value of $420-755 million at the high end it is $ 2.2 billion. This a company with only 90 million shares, if you use the $755 million number the reserves are worth about $8/ share.( A rudimentary valuation I know). What I'm saying is SCS shares are definitely worth more than $2.45 !
As always do what is best for you and you family. Know what you are invested in, if you believe it is a good company stay for the long haul.
GLTA