STP.V

Just adding $150 oil in the Canacor Adams analysis as per November last year in their sensetive analysis and excluding all the most recent updates e.g. the additional 20% of McKay as well as two new 100% owned 12.000 projects gives you a weighted SP of C$5.

Then start with adding an additional 20% to the first 12.000 and it gets even better. Then further down add two additional McKay 100% 12.000 projects, reuse of existing infrastructure from the first McKay project thus more than a 100% increase, well then you're in fact well beyond a SP of C$10.

Then to this add even more projects e.g at Hangingsone, MacKenzie etc etc and it's evident we'll reach a SP of C$10 even well before $150.

Whether we are talking about supply or demand, there is nothing on the horizon to prevent the imminent return of the very same oil prices that put us into the deepest postwar recession yet in the first place.

By the fourth quarter of this year, oil prices will be back in triple-digit range, and by next year oil prices will rise to record highs, taking out the high-water mark of $147 per barrel that was set back before the recession began in 2008.

We’re barely out of the recession, and already we face prices that, just a few years ago, our government, our oil industry and our economists told us we would never see.
Where do you think oil prices will be trading in the future?http://www.jeffrubinssmallerworld.com/2010/03/31/new-price-peak-by-next-year/