RE:RE:RE: 'Energy crisis ahead': Nuttall makes case for $100 oil$6 bucks after 1 for 8.5 or $0.70 is irrelavent. Six of one, half a dozen of another. As for the dividend, that isn't going to happen. Is adding a quarter billion more shares diluting current retail shareholders and reverse split worth it for another 4,100 bopd? Not really.
All management has done is what they have been doing over the past number of years which is to take SGY to the brink of indebtedness and then try to pull a rabbit out of a hat as management renegotiates their credit facility to try to avoid bankruptcy. SGY's formula of selling assets in order to raise capital and continue operations by reducing debt, to then buy assets with credit facility yet again. It's like a marrygoround of total ineptness... Second verse, same as the first...