GREY:STPJF - Post by User
Comment by
nikeherculeson Mar 04, 2014 5:07pm
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Post# 22279952
RE:RE:Some rough analysis
RE:RE:Some rough analysisThanks Monzie,
Greatly appreciate feedback. Hopefully our differences will balance out and STP is near breakeven. It also makes alot of sense to conserve cash and delay drilling Phase L. Why spend $20 million to get 450 bbls/day in 3 months when you can get and additional 300 bbls/day almost immediately with one $1 million+ ICD?
I'm also happy I'm re-entering my position pretty much where I had bailed back in Dec 11 and Jan 31st. It has been a gut wrenching ride for anyone holding STP for the past 6 months or so.
It's also good to see the Ft. Mackay natives have dropped their objections for Brion's application. It should boost the value of Ells should STP decide to liquidate.
What are we expecting the SP to do between now and May? Will it bat around between 0.16-0.18? Is it even worthwhile checking on a daily basis? The big 6 million share buy probably cleaned out everyone who wanted to sell below 0.18 and promptly ran into the iceburg at 0.185.