GREY:STPJF - Post by User
Comment by
ShatnersRugon Apr 27, 2014 9:07am
365 Views
Post# 22495493
RE:RE:Break Even
RE:RE:Break Even
I don't have my files handy so I can't provide numbers to back this up, but the rough b/e we came up with was ~6,500 - 6,700 bbl/d combined production for Senlac and McKay.
From memory:
Last quarter STP lost ~$16mil (or 4 cents per share)
This quarter I'm estimating that that figure will be down to a loss of 3 cents per share. Lower $CDN, higher oil price on sales, and capex was limited up to March 31st because of the limitations put in place by the credit amendment back in January.
Exit numbers for March
I can't tell you how many little birds have perched themselves onto my window sill, whispering sweet production number nothings in my ear. Do I believe them? In short, yes. Awarded is quite correct when he states that it's BS that some investors and fund managers have access to March production already. Considering the magnitute of what these numbers represent, it's just short of criminal that only a select few are privy to this information. These privileged few like the numbers. A lot. The algorithmic trading has been RELENTLESS. Accumulation appears to have been happening for all of April. Think about it for a second. The SP was in the teens just a few short weeks ago. One would figure that the Mason Grangers and Michael Dembickis of the world would ALREADY HAVE SOLD OFF THEIR POSTIONS by then, not to mention the disasterous December common share firesale.
Since then we have heard nothing but great news from the company. Still selling going on? C'mon.
The company has dropped enough hints for us, Joe Retailer, to let us know that the May 7th news release will be a big deal. How big a deal? Well, it's all about production now, and if the hearsay and anecdotal evidence I've been privy to is any indication, there will indeed be celebrating and dancing going on up and down 17th Avenue.
Lastly, I want to apologize for the uncouth comments I have made regarding certain analysts. It gets under my skin when I'm subject to their nefarious ways. This marks the 3rd time in as many months that one of these individuals gets up on their soapbox immediately before or after a positive news release to tell Joe Retailer how much of a disaster STP is. If it were up to me, I would hold them criminally accountable for any losses that investors would have on actions taken based on their 'recommendations'. It's people like this, along with HFTs that are a pox on the markets and they should be abolished. Every one of them along with their soapboxes.
Enjoy your Sunday, guys and gals. 10 days to go.
Shat-