Second Wave Petroleum Inc SCSZF

EDMONTON at C$94,5, WTI at $86,5 on 23 Oct !!!!

[youtubefan]

The differential between EDMONTON and WTI seems to grow every day....it hit $8 yesterday ! WTI is now lagging EDMONTON! So those who assumed that EDMONTON would drop as WTI also dropped a lot yesterday, they are obviously mistaken!

WWW.SPROULE.COM

has all the prices if you doubt it.

and as we know, SCS sells at EDMONTON price....

and as we know the plans of SCS in Q2 2012 report was for EDMONTON at C$85...

In the meantime, EDMONTON has been hovering AT LEAST 10% higher than C$85 since AUGUST strengthening the cash flows of SCS more than the initial company's estimates.....

[cookster9]

This post has been removed in accordance with Community Policy

[iaminvestor]

Excellent  said dude. it does not require much to be a forward thinker  sometimes....

[nlr2]

October 30 Edmonton $89.25, WTI $85.57. Differentials appear to be tightening up fairly quickly. Hopefully Edmonton keeps the premium. Not much reason to do a quarterly update, no drilling just the results from the completions to report. Hopefully they are inline with previous results and completed or we will be hard pressed to keep the average from Q2.