Second Wave Petroleum Inc SCSZF

RTK study case !!!!!!!!!!!!

[micromega]

The  market  is  just   INSANE  and  UNFAIR.  PERIOD.

 

I just stumbled on RTK   (Artek)   as it   has  similar  production  to  SCS   (2,700   boepd)  but  it  was  one of the companies which rose yesterday due to the deal of CLT. I remember it was already  high so I wondered why...

 

Checking its current  valuation I noticed that RTK has  39% oil and liquids,    and   it  trades  

 

-  Market  cap   is    as   high  as    8x    its   Funds  from  operations   annualized  !!!   (SCS   is   1,5x)

 

-   EV/FFO   annualized    ratio   =   11   !!!!  (SCS    is   just    4)

 

-   Bank  debt/FFO  annualized  ratio =3  !!!   (SCS   is   2,2)

 

-  65,000  $/boepd   (39%   only   oil   and   liquids) !   (SCS  is   at   60,000  $/boepd  with  80% oil)

 

-   and  pbv=1,2    (SCS   is    pbv=0,65)

The  market  is  INSANE  AGAIN.  PERIOD.

The  fundamentals  have  gone  away and the gamblers  are here.

[michelleb33]

with all this great info your giving stating that this is undervalued.why are their such big asks at low prices. absolutely frustrating.ill pick up more shares if it goes lower but why would it. Yes just insane and unfair period

[youtubefan]

Dude great comparison, thank you for bringing this comparison with the gassy RTK up! I was also thinking that SCS can dilute 15% ( LET'S ASSUME IT) at will any time (as it owns a proven play) even at these prices by issuing 14 million shares and get $12M...As SCS is NOT the operator now (40% WI) and along with the cost savings per well it experiences in Q3 (oilfield services switch

[bakken13]

"6  wells X  550 boepd  (IP  30 -  average  as  of  Q2  2012  report) = 3,300 boepd  !" ---------------------------------------------------------------- youtubefan, you are so utterly stupid it isn't funny. What are the production rates after 6 months? Why do you even post here?