Debt is Good! Sgy can make way more money with debt! People don't seem to understand that debt is good. Sgy can make way more profit then the small interest rate they are paying for debt! DEBT IS GOOD! Unless you think oil is going to $40 or less then debt is bad but if you think that is the case then why are you investing in the oil sector??? WE ARE IN A MULTI YEAR BULL CYLCLE FOR OIL. Cycles usually last 5 years... the last bear cycle lasted about 7 years... it just means this bull cycle will last longer then 5 years! Smart management knows this and they are acting accordingly even if there are some investors who don't have a clue about the oil cycle and investing in oil. I'm glad SGY management is not listening to the trolls on here and are doing what is best for the company and shareholders. Even if some shareholders don't get it. Talk to me in a year or even 2 years and you will see that SGY is making smart moves!
I give you an example: lots of guys on here were pissed off that Paul bought Astra and Firesky... they called him a gambler... what do you have to say now?! Paul and his team are smart investors and smart management. Fear makes people go back when they should go forward. Paul and his team made amazing moves and they continue too. They understand the generational opportunity in front of them when many don't get it.
Thx
Tanman