RE:RE:RE:RE:Price prediction bravado!!!I give you this
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Asgy&x=0&y=0&time=13&startdate=1%2F4%2F1999&enddate=3%2F2%2F2012&freq=3&compidx=aaaaa%3A0&comptemptext=cl1&comp=cl1&ma=3&maval=90&uf=8&lf=2&lf2=4&lf3=1024&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15
and then this
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=xom&x=0&y=0&time=13&startdate=1%2F4%2F1999&enddate=3%2F2%2F2012&freq=3&compidx=aaaaa%3A0&comptemptext=cl1&comp=cl1&ma=3&maval=90&uf=8&lf=2&lf2=4&lf3=1024&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15
and the reason for the difference is the cut in the dividend...
Most of the companies that cut/eliminated their dividend are in the same boat, almost, as SGY...
If SGY does bring back the dividend, make sure it brings back ' a dividend ' until the hedge runs out and then readjust, because you will have some time for the market to come back...
With a commitment of a dividend up to Jan'23, the stock shold hold the $3 area and then depending on the price of oil. At least there is a system that investors can evaluate...
As long as ESGers are around, $200/b oil is in the cards. It's the journey that could be tricky...
Paul, if there is a chance of the dividend being cut/eliminated again, don't bother. It will be back to the old price again...
Actually, if you do start paying a dividend do it soon so I can get out of this nightmare...
I am waiting for a return of my capital, never mind a return on my capital...