Surge Energy Inc (Alberta) T.SGY

Re: Astra

[stocks123ST]

Paul I miss my dividends...
Anyway, again buying at the top!!!

The stock market has been going like gangbusters!
Oil has surpassed the pandemic crash!

We are going to have a 20-30 % correction in the stock market: very very soon!
If SGY is to survive, you need to hedge!
This coming from someone who hates hedges!
I say this because the maxim is buy low sell high, Paul what you are doing/ did already, is
buy high, hoping to sell higher!
It didn't work!
You are doing the same thing: AGAIN!!!
If I may humbly advise.
' Hedge all the way up to Feb-Mar '22!!!
If you can get something near $66-67 for wti take it!
When we have the stock market correction, wti down target is 
1. $45 !
2. $35 !
There goes you FCF projections.
I know things look great: at the moment, but markets are fickle.
If you hedge now, you are guaranteed a nice return and still pay off debt.
If I am correct you will be able to sleep better at night...
The oil market is reaching an area where it will attrack attention: bad attention...
Paul, your way, SGY is loosing $12/b every day!!!
You hedged to late!
If you hedge now, you are hedging from a position of strength!!!

After March, I would not hedge at all !!!
Oil will trade at $150-200/b  before the end of 2025!!!

When everyone thinks the same, not much thinking is going on!!!
Paul, you have to start thinking outside the box...

[Rockyboy2015]

We own SGY because we believe oil is going up. Hedging now would curtail our upside. Don't do it

[Kherson]

Very good post Stocks. But I am curious as to why you think that oil will be over $150 a barrel by 2025? Thanks, Kherson

[stocks123ST]

We are in a new bull market, both for stocks and oil. The previous high, and I was there, was if memory serves was $149! Now we have the frackers proved that they were/are not the answer. Banks are going to put a lot restrictions on any money they they lend to frackers... With severe cutbacks in capex, there will be a shortfall of oil and with Biden and a lot of  ESGers holding back

[unc12345]

Stocks123ST, love your confidence, great post in many ways, but that was the line of the week for me on here... I believe that oil can go up to $77-78 but not $80!!! So 78 is entirely possible, but 80 is out of the question?  Ya lost me there! LOL

[jremple]

This post has been removed in accordance with Community Policy

[stocks123ST]

I base my targets strickly on TA Lots of resistance at $77-78. We are not there yet, but close. My target for snp is4400. We are not there yet, but very close. As for the r/t mentioned Don't think so!!! I have been following this stock for a few years and Paul would not sell for $1.50!!! His cost is probably higher than 1.50, He was buying when the yield was 4% and sometimes even a little

[jremple]

This post has been removed in accordance with Community Policy

[Joe455]

Because Biden is creating hyper inflation.