RE:RE:RE:RE:RE:Thoughts In my view technical trading patterns will only mimic the financial fortunes of the company over the long haul. I will however accept that "technical anaysis" may anticipate or harbinger improving company finances. In SGYs case SP has been flogged by a major purchase the market didn't like a few years ago, about third of a billion in debt resulting, then piled onto by the collapse in oil prices last year. It's come a long positive way since all that, with "potential" for more.
But it is a waiting game now, and that means anyone who is going to add to the investor pool wants to see what this company is going to do with it's decreased debt and current/forecast oil prices. I think SGY has been a little stingy with information, but the SP is stable.
There has not been a lot of volume over the last few days, so easy to say there is not a lot of investors. On the other hand, few seem to want to sell either - a good thing - they/we are waiting for just a little good news...end of the month?? well would be nice. Vaccine rollout, driving season, potential end of lock downs for good in a few weeks, gap in capex...etc...this could really get good.
But call it what it is - it's speculative investing and it's risky and whinning about risk/reward in such cases seems kind of pointless. We are hoping for this company to show us, with really only the track of the past few years to go on.
May we all make lots of $.