I liked and trusted management here wanting to jump back in to SGY but looking at the debt it sure makes you think twice . comparing barrel to barrel they have similar level of debt to CPG but earn about $10 less per barrel after expenses ... so really much worse debt situation than CPG which i consider to be on the dangerous side if wti lingers below $50 for a few years .
SGY just got a bit unlucky with aquisition timing but were also too agressive and too early
they are definitely not doomed yet but i believe they need $60 wti within a year to right the ship