RE:RE:RE:Tickling 5.00... but Nuttal is not a fan of SGY or Paul. https://stockchase.com/company/view/3780/SGY-T then again, Nuttal is a bit crafty and won't tip his hand until after he's executed his position. In Dec he tossed 77mil (approx) into a new Baytex position, so who knows, the market has proven me wrong many times before.
Has gone through a couple iterations. Paid down debt through selling assets. If the company cannot return meaningful capital back, there is no catalyst. It is not attractive enough for him. On the optimistic side, 2022 brings 130-55m ish of FCF, which is nice, but I'm just struggling a little with the second lien 8.85% term debt of 130m taken on in Dec especially when I see other companies securing long term financing at or less than 4%, take WCP for example, at 3.1% https://www.wcap.ca/application/files/2916/3879/0739/WCP_2021_12_06.pdf I know the scale of the debt impacts this, but that's over 5.5% disparity, and WCP is already paying a 3-4% dividend.
That being said, SGY is definitely getting a late to the party bump as the previous poster mentioned.