Second Wave Petroleum Inc SCSZF

Bruce MITCHELL owns 9,34%

[youtubefan]

Those who know the gravity of Bruce Mitchell and his proven track record, they will appreciate this info

and He has also bought at higher higher than C$2.

Targeted Security Holder List

	Holder Name	Shares Held	% of O/S	Report Date	Change
	FRONT STREET INVESTMENT MANAGEMENT INC	8,218,000	9.91 %	20120116	-100,000
	MITCHELL, BRUCE	7,742,073	9.34 %	20110623	new
	FRONT STREET SPECIAL OPPORTUNITIES CANADIAN FUND	3,264,800	3.94 %	20120430	-2,370,300
	RBC GLOBAL ENERGY FUND	1,592,600	1.92 %	20101231	new
	CIBC ENERGY FUND	1,146,384	1.38 %	20111231	1,146,384
	PHILLIPS HAGER & NORTH CANADIAN GROWTH FUND	960,000	1.16 %	20111231	0
	FRONT STREET RESOURCE FUND	952,776	1.15 %	20120430	-155,618
	CANADA DOMINION RESOURCES 2009 LP	766,200	0.92 %	20101231	-172,200
	RBC GLOBAL RESOURCES FUND	657,610	0.79 %	20111231	-912,500
	CANADA PENSION PLAN INVESTMENT BOARD ^^	494,000	0.60 %	20120331	new
	WITWER, COLIN B.	446,955	0.54 %	20111215	53,344
	CIBC CANADIAN RESOURCES FUND	424,330	0.51 %	20120630	-159,400
	REDWOOD GLOBAL SMALL CAP FUND	410,000	0.49 %	20110630	new
	CMP 2009 RESOURCE LIMITED PARTNERSHIP	400,800	0.48 %	20101231	-96,400
	GOODS, ROBERT F.	284,000	0.34 %	20111209	98,000
	DENECKY, RANDY	240,396	0.29 %	20111215	2,063
	SPROTT 2010 FLOW-THROUGH LP	200,000	0.24 %	20111231	-215,000
	TRADEX EQUITY FUND	178,000	0.21 %	20111231	new
	RENAISSANCE GLOBAL RESOURCE FUND	176,445	0.21 %	20120229	0
	CMP 2009 II RESOURCE LIMITED PARTNERSHIP	126,300	0.15 %	20101231	0
	REDWOOD DIVERSIFIED EQUITY FUND	100,000	0.12 %	20110630	new
	MAVRIX QUEBEC 2009 FT LP	95,000	0.11 %	20101231	-18,500
	HIBBS, DOUGLAS	89,813	0.11 %	20111215	new
	MACKENZIE MSP 2010 RESOURCE LP	70,000	0.08 %	20110930	0
	ISHARES S&P/TSX SMALLCAP INDEX FUND	45,261	0.05 %	20111231	new
	NEUMANN, DEVERY L.	45,063	0.05 %	20111215	new
	BLUMONT HIRSCH PERFORMANCE FUND	42,100	0.05 %	20111231	new

[youtubefan]

Somebody posted a good summary about SCS and the peers in Beatingtheindex.com The gross undervaluation of SCS is obvious:https://www.beatingtheindex.com/stock-trades-sold-winstar-resources/comment-page-1/#comment-6734 The comparison between RPL and SCS is also very interesting.