lamwcw: Pumper, misleader & laughable "guru" You pump, you mislead and provide a laughable "guru" approach!
All in all you do a great job and you definitely deserve to be in my ignore list for ever.
I decided to quit arguing regarding your clueless and unsustainable assumptions on the drilling results as it was not worth the effort. I use my time way more constructively.
You give food for a new issue now...the EE.TO junk. U obviously ignore that the debt is a RELATIVE issue as it depends on the ASSETS etc. of a company. DEVON (DVN) would not have a problem if it had $ 5 B bank debt but Kodiak (KOG) would have a serious problem if it had a $5 B bank debt. So :
SCS has
pbv = 0,9
2012 pe= 6
Funds from operations (FFO) annualized = $ 40-50 M as the oil price has risen significantly in Q3 vs Q2 AND Edmonton has surpassed WTI for 2-5 $ in Q3 vs Q2. The production of SCS in Q3 has aslo risen vs Q2.
Market cap/FFO annualized= 2 !
Long term debt /FFO annualized= 2 .
It trades for 60,000 $/boepd (80% oil and liquids)
2P Reserves = 11 MMBOE , so the market cap gives 8 $ per MBOE.
The land: The very productive and greatly de-risked Beaverhill Lake formation.
Now let's see EE
pbv=1,1
pe = 11 !
FFO annualized = $ 16 - 18 M
Market cap/FFO annualized = 3 !
Long term debt (convertibles included) /FFO annualized = 3,3 !
it trades for 100,000 $/boepd (92% oil and liquids) !
2P Reserves = 4,5 MMBOE ONLY, so the market cap gives 12 $ per MBOE.
eom