GREY:STPJF - Post by User
Comment by
LeGagneuron May 10, 2011 5:28am
605 Views
Post# 18552196
RE: RE: Article focuses on STP in Todays Calgary H
RE: RE: Article focuses on STP in Todays Calgary HFrom the BMO Capital analysis p5:
"We estimate that the value of Senlac and Mckay phase 1 alone is in the range of $1.80 - 2/share, implying little value is being given to the companys other development opportunities or resource upside."
https://research-ca.bmocapitalmarkets.com/documents/40E0D89E-3EE1-4D8F-9747-1D65A6341567.PDF
That is we´re
currenly valued at even lower levels than what can be considered relevant when only including McKay 1 and Senlac and that no value what so ever at these levels are assigned to either of Mckay 2 (24.000 bpd), Read Earth (objective minimum 10.000 bpd) as well as Wabiskaw (significant potential project) or any of it's other land.
We must not to forget that the company expects to continue with a significant exploration program next coming winter at e.g. Anzac (75 sections), Hangingstone (66 sections), Leismer & Kirby (51 sections), Ells (51 sections) and thus may identify even further opportunity to develope it's land by identifying even more production expansion..