January 28th Good afternoon,
Not a very good week for SGY this past week, but just a blimp on the radar when we look back, it was a buying opportunity. Depending on the price of oil, Monday, Tuesday, and Wednesday may give others time to get in.
However, as of Thursday when we get 2021 guidance I believe that will be the turning point. SGY is still largely dependant on oil pricing, however our new wells in 2021 will make us that much more resistant to the price of oil as we are drilling in some of the most cost effective property in Canada.
Good luck to all the longs!
Kid