Re: AstraPaul I miss my dividends...
Anyway, again buying at the top!!!
The stock market has been going like gangbusters!
Oil has surpassed the pandemic crash!
We are going to have a 20-30 % correction in the stock market: very very soon!
If SGY is to survive, you need to hedge!
This coming from someone who hates hedges!
I say this because the maxim is buy low sell high, Paul what you are doing/ did already, is
buy high, hoping to sell higher!
It didn't work!
You are doing the same thing: AGAIN!!!
If I may humbly advise.
' Hedge all the way up to Feb-Mar '22!!!
If you can get something near $66-67 for wti take it!
When we have the stock market correction, wti down target is
1. $45 !
2. $35 !
There goes you FCF projections.
I know things look great: at the moment, but markets are fickle.
If you hedge now, you are guaranteed a nice return and still pay off debt.
If I am correct you will be able to sleep better at night...
The oil market is reaching an area where it will attrack attention: bad attention...
Paul, your way, SGY is loosing $12/b every day!!!
You hedged to late!
If you hedge now, you are hedging from a position of strength!!!
After March, I would not hedge at all !!!
Oil will trade at $150-200/b before the end of 2025!!!
When everyone thinks the same, not much thinking is going on!!!
Paul, you have to start thinking outside the box...