Price prediction bravado!!!I saw the 'Adelaide' presentation.
I was not that impressed!!!
Paul, the stock reaching $10-12... BFD!!!
At $10, it would roughly be my cost price!!!
Do you know what that means???
Just how BADLY the stock performed...
And what's with this bullshit of first cutting the price back
and EVEN WORSE cutting it back 8.5:1???
My theory is that you know how much mgmt wants to PFPPUCK you is
by the ration of the cut back...
Any number other than 2:1, 5:1 10:1 just means that mgmt wants to
PFPPUCK shareholders!!! There is no other reason...
The 8.5:1 ratio just PFPPUCK up the accounting...
Paul, you did it even knowing that you were going to increase the s/o with the
the merger of Astra...
As for the taking out of SGY by someone, well that could happen but if it is done now
SGY shareholders would get PFPPUCKED!!!
Thanks to Joe and the rest of the ESGers, oil will probably reach $200!!!
There are not that many $35-$45/b profitable oil plays!!!
No politician has ever said what is a FAIR profit for an oil company!!!
Nobody thinks about what would happen if oil companies don't make a profit.
If you are going to bring back the dividend, I would strongly advise to hedge all the way out
to Jan'23 at $77/b...
My prediction is that we shall see snp 4000 back up to 5000 and then around 3600 give or take.
If this scenario transpires, oil will be back to $40/b: there goes the dividend...
If this happens, at least the dividend will be safe and you will still be able to pay of debt and even do some buybacks.
Looking at the SGY stock chart, first support is $3 and after that $1.25 or maybe even lower...
If the FED raises rates and starts to reduce theri balance sheet, we will see 3600 and maybe overshoot lower...
I would prefer that you clean up the PFPPUCKING mess that you made by buying at the top and forgo the dividend and reduce the s/o so that you can pick up some very good bargains that are going to present themselves.
The fact that it is just now that the stock has moved a bit, reminds me of 'runt' ,be it male or female, that are ALWAYS the last to be selected... Just look at BTE, BIR, CPG etc, etc, etc and then, there's SGY...
Just look at the math, 21,000 b x 335 x 80 ' average price ' from best to last price of $77.
Think about it...