Second Wave Petroleum Inc SCSZF

RE: Under pressure

[youtubefan]

few   corrections

 

 

1)   Look  at  the  chart....the  pps  was   ALWAYS   over  C$2    even  when  SCS  was  producing  less  than  1000   boepd  back  in   2010   and  2011.....  the  pps  never  was  C$1    as  you  claim.....this  is  why  the  current   valuation  is   quite   absurd  ......

 

2)    the    debt   is  not    big  as   it   is   2x    the  annual  funds  from  operations...this  is  not  perfect  but  it  is  ok......it  does not  justify  the  current  absurd  valuation.

 

3)  the  credit  facility   will  be  increased   by  the  end  of  the  year....

 

4)   the   Reserves  (2P)   will  rise  at  least  50%    once  the  annual  report  of  2012   is  released.....the  drilling  success  of   2012   has   NOT   been  reflected  in  the   Reserves...the   Reserves   were  counted  back  in  the  annual  report  of  2011    FOR  THE  LAST   TIME.