RE:Mkt ManipulationSerge,
I agree that there has been a lot of great news come out about SGY as of late and the price has not necessarily reflected the good news. Especially when the news from any given company comes out regarding and acquisition, typically the market doesn’t like it. The other thing the market doesn’t typically like is the unknown. Right now, SGY is in the middle of a possible acquisition which fits into both categories, both an acquisition and the unknown. The other thing that is causing some uncertainty is that, with all the acquisitions that SGY has made in the past 6 months, the market is worried about what there Q4 numbers are going to look like.
In saying all that, I believe everything SGY is doing right now is very positive. I believe the management has a plan and is executing it very wisely. LVN makes total sense for SGY and in the long run will be great for both the company and the stock.
W8asec,
While I appreciate your feedback, your comparison of CIBC to SGY is laughable! You are trying to compare a huge bank to an oil company. A company that is worth 1 billion to a company that is worth roughly 50 billion. A company that pays a 9.5% dividend to a company that pays a 4.2% dividend. I’m sure you had the best of intensions with your post, however the comparison that you have made, makes no sense at all.
Good luck to all the longs!
Kid