GREY:STPJF - Post by User
Comment by
ShatnersRugon Aug 05, 2014 10:26am
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Post# 22809525
RE:Oil is giving downward pressure
RE:Oil is giving downward pressure
"With the company being under a 1.00 for so long will the tsx bump it back to the venture?"
That's a good point, Dave.
IMO, it will make little difference wrt to the share price. Being bumped down to the Vulture Exchange is the least of STP's worries.
Production decreasing 5.5% month over month is not a good sign. It means that the net benefit of installing the ICDs is a fraction of what we ( of what I ) thought it would be.
On the other hand, perhaps the production decrease is due to other factors? Then again, any factors/events that result in production decreases are generally not viewed as positive.
The bottom line? These guys need to release some news or the downward pressure on the SP will remain. It really is a lottery play at this point. The jackpot being a sale that will net common shareholders a value per share that is higher than what we are seeing now. IMO, 50cents/share is a pipe dream. A distant pipe dream in fact. I sincerely believed that prior to the May 7th release that it was a possibility. Unfortunately, if the production numbers continue to remain constant as appears to be the trend, shareholders should put the March 17th NR under the microscope. Specifically, the part that tells Joe Retailer that 2P1 was testing between 700-900 bbl/d.
Shatner really not happy with STP.