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Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

Post by Zola2on Oct 07, 2012 8:25pm
216 Views
Post# 20460656

SCS looks cheap

SCS looks cheap

Just reviewed their financial info again, as per June 30.

They show a cash flow of 22 cents for the quarter. If we annualize this

SCS is trading One Time Cash Flow.

Also they indicated all future expenditures will come from cash flow.

They must have seen the warning signals about their debt.

Net book Value of SCS is $ 205.7 M

Still hoping for a recovery in the share price.

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