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Bullboard - Stock Discussion Forum
Second Wave Petroleum Inc
SCSZF
Energy
Oil & Gas E&P
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GREY:SCSZF - Post Discussion
Second Wave Petroleum Inc
> 3rd quarter
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•••
michelleb33
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Post by
michelleb33
on Nov 15, 2012 9:03am
3rd quarter
well its out.Im not the brightest and at work so what does it mean lol
(0)
•••
oilnvstr
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Comment by
oilnvstr
on Nov 15, 2012 11:16am
Many, including me, expected higher production, cash flow, and lower debt than what we saw in Q2. Rather, production declined 600boe/d (21%), cash flow fell $5MM (51%), and debt increased $5MM (5%). G&A mysteriously went from $650K to $1MM. That's waaay out of line for a tiny company. They say intend to try to live within their cash flow AND pay down debt. This will take a VERY long time
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