GREY:STPJF - Post by User
Comment by
kavephishon Feb 21, 2013 11:02pm
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Post# 21026776
RE: I don't know...
RE: I don't know... TA can inicate how low a stock can go, technically speaking of course. you can go tohttps://www.barchart.com/opinions/stocks/STP.TO to get some online TA. You can click on all the TA inicators for morre detaile explanations, but it woul help if you know at least a little about TA for interpretation. Sadly, TA says STP is a sell sell sell......I am personally not big on TA for this kin of company. The funamentals have not changed much in quite a while. Heck, even WCS has risen in the last month. Regarless of TA or FA, STP will still be selling their prouct for a ecent price, and will still be either growing prouction or paying off debt like they said they would a year ago. Either way, the balance sheet is going to improve, and drastically over the next year. I well expected to be rewarded for my patience and faith in STP by now but I still ont feel anything has fundamentally changed with their business plan. They are not behin on anything, even the wellbore repair was relatively minor from a prouction point of view...so they lost 300bp or so...so what? 300bpd x $40 netback (est) is a paltry $12000 x 21 ays (or so). They're out a quarter mil this quarter (oil they will get back in the end anyway) plus $500K for repairs. Peanuts in the bigger picture, literally. Yes, we are going to have to wait longer than expected, and I am as frustrated as the rest of the longs here, and well underwater as you. But, I do think that this company has the best chance of my holdings for success for the same reasons I bought back when they were still plowing the dirt access road. GL to all longers lol.
Kave