Second Wave Petroleum Inc SCSZF

SCS sells at Edmonton which has surpassed WTI

[youtubefan]

Few have noticed that SCS sells at Edmonton price...and Edmonton has surpassed WTI for 2-3 $ since early August....Seaway works....The differential lagging of 10$ of Edmonton versus WTI (Edmonton was lower than WTI for 10 $ in Q1 and Q2 2012) is OVER.

Such event plays a major role for SCS cash flows of course.... This is why the company says that it can grow in Q4 when drilling starts again even within a cash flow budget....One rig is deployed in Q4 2012 and two rigs will be deployed in Q1 2013 according to the OUTLOOK of the Q2 2012 report.

The company had also forecasted an Edmonton price around 85$. It has been higher than 90 $ during Q3 instead.

Keep the website www.sproule.com to check Edmonton on a daily basis.

I quote:

"The Company's Beaverhill Lake production with its oil priced at Edmonton Par levels had operating netbacks of $53.31 per boe in the second quarter. These netbacks were negatively impacted by widening Edmonton Par light oil differentials in the second quarter with average realized pricing of $82.72 per bbl versus $84.35 per bbl in the first quarter of 2012 ...."

[vltn59]

keep in mind that goldman the other day said the spread between brent and wtic will narrow early next year to just a few bucks compared to the $20 difference today.   Just imagine these jr's gettng an additional $15/barrel.  Even the Peskisko becomes very interesting at $110 wti.

[Zola2]

With all the apparent good info poste here and from SCS's website, why is the share price almost at a 52 week low again. The market is always right, that's what investors are willing to pay. Waiting till year's end for tax loss selling or possible recovery.   Have a pleasant weekend.