RE:RE:RE:RE:RE:RE:SGY DOING FINENow you can see why valuations were so low in April with oil at $65, the market was discounting much lower oil pricing. The market didn't trust Trump (tariffs) and we were entering the lowest demand period of the year combined with the highest and longest refinery maitenance ever accounting for as much as a 4 million barrel a day swing. Something had to give, and the last several corecctions in oil were all about the same in the 15 to 20% range or more to to the downside. At $65 plus oil Surge should have been priced in the $2 plus range.
That being said Trump doesn't have enough of a base for bad stock markets and economies for a reelection, so someday soon he has to get off the snide here and make some deals or 2020 is toast.