Analysts and Targets
Shat’s reference to two analysts caused me to do an internet search on them. Both Mason Granger and Michael Dembicki have backgrounds in the oil and energy industry. With that good experience, I would expect them to know and have access to industry software that gives the monthly production figures.
My search of Michael Dembicki lead me to the following link that summarizes the analyst ratings for STP (and many other companies as well). I think it may be very useful for following what analysts say about your investments.
https://invesd.com/Company.aspx?ticker=stpjf&company=southern-pacific-res&ref=analyst
This website gives stock prices and analyst targets in US$. Some of the information such as the stated target dates seems to be rounded to the nearest integer. Nonetheless, useful information is provided by following the link on the Analyst name and expanding the detail for the company that interests you (i.e. click on Industry + sign to the right of the company name to expand the data). There, you will see a chart of the sales price and analyst’s targets (in US$). This information enabled me to assemble the following table.
Notice that three analysts made re-assessments on March 26, the day the new loan facility was announced. Fitzmartytn left his target unchanged ($US 0.18) while Dembicki and Toward made increases (Dembicki, from $C 0.15 to $C 0.20 and Toward from $US 0.38 to $US 0.54)
Dziuba and Friesen last made assessments on Dec 11, immediately after the announcement of the strategic review. They both left their targets unchanged at $US 0.71. Since too much has transpired since last Sept 12, I do not put much weight on the target set by Chris Cox (although I hope his target is achieved).
Finally, I would like to verify what has already been reported by adamsight. In its April 22 Action Notes, TD securities announced that the departure of an analyst was causing them to suspend coverage of Ivanhoe Energy, Southern Pacific and Sunshine Oilsands. These are companies that were followed by Michael Dimbicki.