RE:RE:Update on sgy private equity purchases since 2018Based on metrics on paper...yes, SGY is hugely undervalued...even most analyst estimates are substantially higher.
Based on company guidance for next year, this should easily be a $8-10 stock...on paper
That being said, it appears the market has healthy dose of scepticism towards surge management and their abilities to meet guidance (not that its unwarranted, after the the drama that occured over the last two years)...it certainly wouldn't have been a pleasant experience being a shareholder at the beginning of the covid crash, through to the various dilutions and finally a reverse split.
That being said, if you are a new buyer, the $5 range certainly isn't too bad of an entry point to nibble at some shares, especially if energy prices remain strong into next year.
TickerStock101 wrote: What your saying is that surge is hugely undervalued in the stock market when you look at their assets