SSN has been a great buy to many of the long term holders. Most here bought because of its potential in the Niobrara and more recently the Bakken or Roosevelt Project.
If you just look at its profit or cashflow alone you wouldn’t see anything different to other small cap oil stocks other than being debt free.
The market doesn’t factor in its potential hence why we still see it at 10 cents. If you believe in the SSN story and there are alot here who do, the down side risk is very low and the up side is a well calculated risk in my view worth taking.
With further results for Defender due this week and Roosevelt well under way it wont be long until the market will have clarity on its acreage and the time is running out to buy at these prices.
You either believe in the SSN story or don’t, if you have done the research IMO the decision in an easy one.
Cheer Matsim
SSN Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
