GREY:STPJF - Post by User
Comment by
Eyeinvestoron Jul 14, 2014 2:10pm
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Post# 22743565
RE:RE:RE:Im surprised
RE:RE:RE:Im surprised
Anything that the IR person says to you about the time frame is purely informal and has no binding impact on the company. I'm sure they would like the review to be over by the end of the summer and Im sure their goal is to have a deal concluded by the end of the summer.....but this is not binding. Publishing his comments and suggesting that they could be sued for the comments is a sure fire way to get him not to take our calls........let's keep the lines of communication open and assume that the management is working hard on the best possible deal for the stakeholders. We then have to figure out the best way to make money and take credit and blame for our own decisions.
Eye continue to think that ;
1. The ICDs on pad 2 have shown that production can be improved. More icds will be installed and production will increase further.... demonstrating that STP McKay is a commercial and valuable asset. 2. STP will do some kind of deal to enable the extraction of that value.
3. The deal is not going to restore the value that was lost in the first round of McKay wells. STP is not going back to $1.50! It doesn't have to. At 18-19 cents.....a deal revealing 36-38 cents of value per share is 100% upside. 50 cents is nearly 3x. Two brokerage firms have 50 cent targets.