Second Wave Petroleum Inc SCSZF

$67,000/boepd !!!

[iaminvestor]

Absurd   ,  absurd  ,  absurd.

Nobody  reads  any  more,  nobody  makes  calculations.

FFO   is  almost  $30M  annually   and  this  gives   cash   for  minimum   10  NEW   wells   as  the  cost  per  well  is  $2M   for  SCS  (40%   WI).

Assuming    IP-30  550 boepd, this  gives  a  5500  boepd  gross   which  is   NEW   2,200  boepd  NET   for  SCS   in   2013.........EXCLUDING    the  waterflood   improvement   from  the  EXISTING   wells   that   DOUBLES  the  production  on  average.

[michelleb33]

when is this going to stop the bleeding. i thought 75 cents was a good pickup.any thought on this hitting a buck this come winter.or should i be selling along with the other weak hands.                                    

[iaminvestor]

  Absurd   ,  absurd  ,  absurd  for  so  much  oil. Nobody  reads  any  more,  nobody  makes  calculations. FFO   is  almost  $30M  annually   and  this  gives   cash   for  minimum   10  NEW   wells   as  the  cost  per  well

[WeKnowEnergy]

It was a dissapointing quarter but of course there is always a point of ridiculous value, a 30% haircut is a pretty darn good start lol.  There were some knowledgable players picking up shares off of our seller today. GL

[Iamwcw]

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