Opinions
Eric Nuttall
Second Wave Petroleum
SCS-T
COMMENT
Sep 19, 2012
$1.100
Stock price when the opinion was issued
oil
gas
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Has been a bit of a dog but the story has been re-invigorated with a new play in the Beaver Hill Lake, which is an area that has been pretty hot. This is one of 3 small companies in this play. Crescent Point (CPG-T) is rumored to have firmed in on this company, so are funding the first couple of wells on this highly impact play. Should have well results in 2 weeks.
oil
gas
Debt levels are very high and they were relying on Brookfield, which owns about 40% of the company. He thinks they need $95 oil to grow production. Very highly leveraged.