Second Wave Petroleum Inc SCSZF

Jump in or not to jump in

[Georgealphabeta]

Not even 3 hours of trading and the volume 6% of company shares changed hands, assuming somebody buys @.285 that gives app. 4,5% ROI on yearly base not too bad comparing to bonds. Virtually no risk, because of great asset base. Light oil trades at premium to WTI and recently the NG market has substantially improved comparing to last few quarters. From the trading perspective the SP been artificially suppresed in last months, whoever has been doing this lost quite few shares so there is that small possibility of another offer. Will have to crunch more numbers, before will jump in, but so far doesn't look too bad. Worst case scenerio 4,5% return on investment in couple of months.