Second Wave Petroleum Inc SCSZF

More Problems?

[oilinvstr]

In the Q3 report, the company gave exit guidance of 2800 boe/d. However in the news release about the fire, they mentioned 1650 boe/d was shut in due to the fire, and another 250boe/d was still flowing- that's 1900 boe/d. Where's the other 900 boe/d?

[RockLobster1]

ouch, that;s not good... am looking into this more and rethinking thinking this position,  they really havent delivered as I expected or hoped.

[oilinvstr]

I'm very uncomfortable too, but don't know whether to sell out or average down. Suggestions?

[stacky]

Yes, its very easy to get uncomfortable when you see your investment shrink. I think that the market is just responding to the Judy Creek fire.The thing to ask yourself is this, am I in for a quick buck? or am I an investor? These guys are right in the middle of one of the hottest oil and gas plays in the country. SCS has 660 drilling targets, and at the low end a unrisked reserve value of $420

[oilinvstr]

Good Response. Thanks

[nickleodeon]

Nice response and sounds good, but I've been in this for over two years and it hasn't really performed the way its been hyped but I guess thats the way a speculative goes. I'm staying until summer, hope there's at least nominal movement to keep me interested, I could have put my cash in other stocks that I've done quite well with in that period.Nick.

[nickleodeon]

Nice response and sounds good, but I've been in this for over two years and it hasn't really performed the way its been hyped but I guess thats the way a speculative goes. I'm staying until summer, hope there's at least nominal movement to keep me interested, I could have put my cash in other stocks that I've done quite well with in that period.Nick.