RE: PRESENTATION and MORE Great post dude. U saud it right : "NZ.V, PENGROWTH, SGY.TO and many other recent BIG REVERSALS are not enough to educate him....the retail investor is DOOMED TO ALWAYS LOSE and SELL AT THE LOWS!!!"
Do not also ignore that:
1) BAM bought in early May 2012 at $1,70 - 1,90 according to Morningstar.com
2) BHL Field Netbacks exceed $60 per boe at $85 per bbl Edmonton par pricing.
3) Now with the recent completion of the pipelines, the operating netback can rise even further.
4) SCS sits on a GOLD MINE. Check out the presentation you posted. It says:
"Average BHL well produces 16,500 bbl of light oil in first 30 days representing $1.2mm in net revenue"
Thus the payout is in 4 months without any waterflood which has just started by the way !
5) SCS is not the operator any more at the 50,000 gross acres (40% WI) so the operating costs have reduced significantly. The operatorship has passed to CPG now.
6) Good catch, SCS can make a farm out for the remaining 10,000 net acres (100% WI) in Beaverhill Lake. PBN could be interested in buying it too.
6) SCS can make a farm out for its huge Pekisko position. Check the presentation, it has 92,000 acres there with a drilling inventory of 25-29 years and unrisked 600-700 locations. Check out the chart and the production growth combined from the unrisked Pekisko and the unrisked BHL development as shown in the presentation you posted. SCS can exceed 10,000 boepd in 2016.
7) FRONT STREET fund manager is part of the herd too. Do you remember those fund managers who were buying heavily APPLE at $600-700 few months ago and they were claiming at the media (Bloomberg, CNBC) that it would pass $1000 ? The stock market is full of such fund managers who should be in the jobless claims list now.....They should be trash collectors.
How about those fund managers who sold T.SGY at $2,60 few days ago or V.NZ at 35 cents ? Pengrowth at $4?
The presentation in early 2012 once again... it has a lot of interesting information:
https://www.secondwavepetroleum.com/documents/pres/SCS-presentation_2012_06.pdf