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Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

Post by iaminvestoron Jan 10, 2013 2:58pm
228 Views
Post# 20821853

RRX.V - SCS.TO

RRX.V - SCS.TO

RRX.V   has  the  same  production  like  SCS.TO  as  of  Q3  2012.

RRX  production    has  more  oil  than  SCS  but  the   difference  is  small.

RRX  has  an  Enterprise  value  of  $550M   today   while  SCS  has  an  EV=$130M

SAME  PRODUCTION......

 

 

and  RRX   operates  on  the  oil  poor  Viking  formation  with  IP 60= 40-50  boepd   while  

SCS  sits  on  the  Sweet  spot  of   BHL   with   IP-30=500  boepd   which  is    HIGHER   than  the  OIL  RICH   PORTION  of  BAKKEN  in  NORTH  DAKOTA   where  KOG,  MHR ,  EOG   and  other  players  operate !

 

CRAZYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

 

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