Second Wave Petroleum Inc SCSZF

Pop and Drop

[Oceans19]

Thats what happens when there are only a lmiited number of shares outstanding.  Does anyone know how many shares bam-a.to owns in scs.to? Last I saw they owned 39,925,453 shares.  This is dated to the beginning of the year though.

Discolsure: I bought another 10K shares today at .90.

[michelleb33]

what do you mean limited amount of shares. is that good. i have bought 5000 at 75. will this rise again.         any info would greatly be appreciated.                                  michelle 

[jd5212]

Michelle, You've done good, this will go up. See insider trade: 16,059 @ .90 on Friday. Only one reason insiders buy.https://www.tmxmoney.com/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=scs&x=80&y=18 Toronto Stock Exchange Company Name : Second Wave Petroleum Inc. Last Updated: September 28, 2012

[stag15]

Hi All, I want to buy into this stock, but I can't seem to find any explanation for the stock price drop from $3 to under $1, except for the seeking alpha article that came out.  Is there anything else I should be considering?  From what I can tell, this company is trading at almost $40k per flowing barrel, which is a steal.  Crescent Point purchased Cutpick for about $60k per

[Oceans19]

The major considerations to think about if you hold Second Wave are the net debt of the company and the current market climate.  We need the oil prices to stay stable, hold above $90 to have cash flow to finance the drilling and proving up reserves and increase bbls/day. Then we can get back to 2 rigs vs. 1. We did have buyout offer(s), although who knows at what price.  Bam-a.to owns

[michelleb33]

Thanks guys for your imput. Maybe I should buy more at these levels.Cheers

[stag15]

Do you feel that the entire acreage will yield similar production results.  That is always my biggest concern with these smaller companies focusing on one play.  Just because one part of the field has huge success, 2 miles away could be a dud.