MondayGood morning!
Nex week should be a very interesting week for SGY, my personal belief is that is will be the most positive week for SGY I’m a very long time. However even if i’m Wrong it will be interesting non the less.
SGY will present there Q1 results on Monday, which I expect will be positive and beat market expectations. Cash flow will be up dramatically from Q4. Due to the freeze on increasing production I don’t expect production to be up, however the price SGY is receiving should be significantly higher. As well there should be effecincities recognized from the MB take over.
i also expect that forward looking statements should be excellent due to shrinking differentials and increased in WTI.
i believe we will find out more about the 30 mil Convertable Debenture Finacing. This will provide clarity to the market.
I’m on the fence about a Dividend Increase, I see positives on both sides. I’m not sure what Paul will do on this, however I lean to the side of keeping it where it is and paying down debt which if Oil Prices stay where they are whould set us up nicely to increase the dividend at the Q2 release. At that point we would be sitting pretty!
I would love to hear what others think about Monday’s Q1 release, so if you have any please share!
Have a great weekend!
Kid