RE:Timing of 2020 outlook/budget seems oddKings_kid wrote: Good afternoon all!
Before I bring up what I feel is odd, I am happy with the outlook, they are looking out for the best for there share holders. I have always supported SGY management and continue to with there 2020 budget.
Now what I find odd, in SGY Q3 announcement under the heading OUTLOOK - CONSISTENT PRODUCTION; SUSTAINABLE DIVIDEND there is a line about 2020 guidance. It states as follows, "Surge anticipates confirming 2020 guidance in early January 2020". Today is only December 12th, that's a month early. In addition to that in contacting the company earlier I was told that guidance was anticipated before January 15th.
I can't say I have an explanation as to why SGY would move its guidance release up, but it does seem odd. Any ideas out there as to why they have done this?
Good luck to all the longs! Look forward to hearing everyone's thoughts on the budget as well as anything you have to offer on my the early guidance?
Have a great night!
Kid
Looks to me like the Buyout negotations fell through and Surge is now preparing shareholders for a hostile takeover!
Very interesting that the OOIP number has increased by 500 million barrels from the November presentation, which has now been removed from their site!
Either way, the shorts will now have to begin covering!
Kherson