Southern Pacific Resource Corp STPJF

Price per flowing barrel vs share price

[adamsight]

So they sell Senlac
What then do you think analysts will value stp at based on the flowing oil from MacKay

Lets say they give it a target on price. based on 7500 bpd by year end
Do the math 
Tell us your perspective and look at how much per barrel it is now.
What should today price be and 7500 bpd be?
A

[bigkagan]

they will sell nothing, they will install ISD's and will pay debts with increased oil production

[ShatnersRug]

BK, EVERYONE on this board knows that I am 100% pro-STP. I believe that I have made that abundantly clear since the Feb 10th release.  :) Anyway, you're wrong. A few weeks ago I came to the realization that a move is certain. The bright side is that any move will reflect positively on the SP and will quell the upcoming cash crunch and negative aura surrounding the company. Best of luck

[Eyeinvestor]

If McKay is working and STP (with lots of cash) is busy installing further well pads?????? ............then yes, we can do the numbers. When and if that happens analysts will value STP like other successful E&P companies based on P1(proven) and P2 (proven and probable ) reserves........................................................................................................Transactions

[ShatnersRug]

LOL!!! If by June we sit at 50 cents, I'll do a private show, just for you!

[nikehercules]

I agree with Eye's and Shat's interpretation that the cash crush has been solved based on the ICD clues and the bank line conditions being further relaxed. The bank would not simply extend credit without a resolution. LOC's are simply to help with cash flow and smooth the bumps of a working organization. The loan officer is not a venture capitalist, but he/she is a risk manager. I

[ShatnersRug]

Nike, that was a fun watch. WHY it's good to go long on a company that you BELIEVE IN: 50:33 to 53:10 --- Manipulation abounds. And we saw it after the runup last week. Best quote: 27:14

[Eyeinvestor]

Good Grief......I will be a HUGE seller at 49 cents. I'll do what it takes to avoid that prospect!

[Joelzinho]

Well here comes my napkin math. Futur ticker price @7500 bpd. 7500 * (price of barrel, $100) = 750k a day in Rev. 750k x (days in production , 261 (365-108[Lets give the boys the weekend off+ holidays they are working hard]) = 192M in REV Forward Looking EPS Rev = 192M Shares = 400M EPS = 0.48 Current ticker @ 7500 bpd PE= 0.255/0.48EPS = 0.5312 ASSUMED P/E OF 16. 16/0.5312

[Eyeinvestor]

Sadly you need a new napkin. I like the result of course, but it wouldn't hold up. On the negative side Revenue does not equal earnings. On the plus side the wells will be working 24/7. These boys don't stop at weekends, nights or holidays. The typical way to value E&P companies is to forecast the revenues from production of what is in the ground and use a discounted cash flow to

[adamsight]

ahhh so