Well Pabs, since you asked, regarding Triangle (TPLM)
Net acres 83,000 odd Dec 31/11 800 boepd, Current MC $340M Flowing boepd ratio $425,000
You might want to remove Rockpile Energy Services and the Canadian acres out of MC (I'll let the double the amount of acres remain in). Not the best comparison but...
Projected in 12 mths up to 3,200 boepd (big growth, 300%). I don't expect TPLM would be at $32, do you?
SSN is currently at over $800,000 flowing bopd.
Its just that this metric that doesn't shine brightly for SSN - screams overvalued. What is also means is that the market believes the story (currently) but will punish severely it the potential is not delivered upon. (remember the swoon on Defender and when SOA didn't deliver).
SSN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
