RE:RE:RE:The market will give a value and not us!Agree completely, and I will add that in Sparky alone SGY has about 1 billion barrels Oil in Place (OIP) , At the end of 2019 (from when WTI was about what it is now) - Total Proven (TP) and Total Proven +Probable (TPP) reserves were valued at;
NET ASSET VALUE
| | TP | TPP |
| Reserve Value NPV10 BT ($MM) | $1,023 | $1,644 |
| Undeveloped Land and Seismic ($MM) (a) | $131 | $131 |
| Net Debt ($MM) | $(382) | $(382) |
| Total Net Assets ($MM) | $772 | $1,393 |
| Basic Shares Outstanding (MM) | 326.3 | 326.3 |
| Estimated NAV per Basic Share ($/share) | $2.37/share | $4.27/share |
NAV goes up as debt goes down and WTI goes up. The possibility of $100 oil in the next few years is real. Talk of a 75 cent buyout...really?...how about a little more reseach than watching candlesticks.