Earnings and moving forward Good morning!
After having a full review of the Q3 earnings, I'm impressed with what SGY managed to accomplish this past quarter. They maintained production, while cutting Capital Spending, and increased there hedges moving forward. At the same time continued to pay a solid dividend and pay down debt.
I'm not sure you can ask for more then that, especially in this environment. Judging by the market reaction, I would have to say my sentiments are widely shared. During the Q3 earning season, most reports by Oil companies were solid, in SGY case they were bought. This is a great sign moving forward.
I believe we will continue to trade along with the price of oil, however we will revive a bit of a premium on bad days due to our solid results and management team.
Great day to be a long term holder of SGY.
Good luck to all the longs and have a great day!
Kid