Post by
stocks123ST on Feb 01, 2022 8:35am
Price prediction bravado!!!
I saw the 'Adelaide' presentation.
I was not that impressed!!!
Paul, the stock reaching $10-12... BFD!!!
At $10, it would roughly be my cost price!!!
Do you know what that means???
Just how BADLY the stock performed...
And what's with this bullshit of first cutting the price back
and EVEN WORSE cutting it back 8.5:1???
My theory is that you know how much mgmt wants to PFPPUCK you is
by the ration of the cut back...
Any number other than 2:1, 5:1 10:1 just means that mgmt wants to
PFPPUCK shareholders!!! There is no other reason...
The 8.5:1 ratio just PFPPUCK up the accounting...
Paul, you did it even knowing that you were going to increase the s/o with the
the merger of Astra...
As for the taking out of SGY by someone, well that could happen but if it is done now
SGY shareholders would get PFPPUCKED!!!
Thanks to Joe and the rest of the ESGers, oil will probably reach $200!!!
There are not that many $35-$45/b profitable oil plays!!!
No politician has ever said what is a FAIR profit for an oil company!!!
Nobody thinks about what would happen if oil companies don't make a profit.
If you are going to bring back the dividend, I would strongly advise to hedge all the way out
to Jan'23 at $77/b...
My prediction is that we shall see snp 4000 back up to 5000 and then around 3600 give or take.
If this scenario transpires, oil will be back to $40/b: there goes the dividend...
If this happens, at least the dividend will be safe and you will still be able to pay of debt and even do some buybacks.
Looking at the SGY stock chart, first support is $3 and after that $1.25 or maybe even lower...
If the FED raises rates and starts to reduce theri balance sheet, we will see 3600 and maybe overshoot lower...
I would prefer that you clean up the PFPPUCKING mess that you made by buying at the top and forgo the dividend and reduce the s/o so that you can pick up some very good bargains that are going to present themselves.
The fact that it is just now that the stock has moved a bit, reminds me of 'runt' ,be it male or female, that are ALWAYS the last to be selected... Just look at BTE, BIR, CPG etc, etc, etc and then, there's SGY...
Just look at the math, 21,000 b x 335 x 80 ' average price ' from best to last price of $77.
Think about it...
Comment by
stocks123ST on Feb 01, 2022 9:21am
Thanks for your comment Paul. I am only reliving history. We shall see about the future... One correction is the number of days. It should read 305 not 335. We are in February and the January contract I believe, expires in December.
Comment by
ppp on Feb 01, 2022 10:19am
PC and crew need to run a tight ship going forward. IMO they had many sleepless nights over the last few years from the miss steps they created. If they follow guidance and keep paying down debt I see this trading for 20 dollars in the future
Comment by
fortunefavorsus on Feb 01, 2022 10:54am
Drip, Drip, Drip Everyday over $80WTI Surge gets stronger. Stock trading seems to suggest somebody took a short position on Surge. Whether to just hold it down or thoughts of a market crash they may be reconsidering their positon
Comment by
stocks123ST on Feb 01, 2022 12:52pm
As of jan 15, the short interest is 531,000, just .5% of s/o. According to the website that I used, there are already 83m/s/o... Every time someone criticizes mgmt, SOMEONE always complains about short sellers... These SOMEONES have never heard Reddit or marketbeat... Short sellers have to buy: at some point!!!