RE:RE:RE:Q4/Y21 End Results"I agree, I can't figure it out.
SGY does not get any love from the market, I guess because management has disappoined so often.."
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PC calls his business model a Divco. We used to be able to trade this stock quite predictably from $3-$5 to $8-$9, rinse and repeat, all the while enjoying a fat monthly dividend. Then we had a commodity crash which lasted an unbelievable 7+ years combined with some ill-timed, over-priced purchases. The money-lenders had him by the shorts. Being forced to slash the dividend killed the stock; when div was eliminated altogether, it buried it.
Don't forget the present shoot to $9 may look impressive but it is only $1.06 pre-consold'n.
So it's not just a dearth of love for SGY; markets have long memories.
You might have noticed I did not even mention the yahoos who have long predicted the death of O&G. For good reason.
For Q1,2,3 you are allowed a month for filing. For year end it may be extended by up to 60 days, depends on the exchange. Not altogether unreasonable.
Cheers and let's hope this co. gets back on track soon.