Post by
JTDOUBLE on May 17, 2021 11:15am
What are the chances SGY get run over!!
With market capitalizations of 178m , its cheaper for big producers to buy and tap to SGY oil reserved with productions rather than spend money and explores with out conclusive results..
Anybody??
Comment by
ariesleaf on May 17, 2021 11:43am
The soon this happens the better for all SGY holders.
Comment by
Maxmoe on May 17, 2021 2:29pm
It's cheaper to buy than build practically everything if you assume $65 oil. Makes no sense for anyone to drill anything but the creme de la creme. We will see more and more M&A activity.
Comment by
powpow on May 17, 2021 7:38pm
I ask why is the company drilling?? They should be buying themself, but they drill and issues new shares. I feel like the company isn't taking advantage of their owe stock. Pull out all the stops... why not. NP
Comment by
pointer on May 17, 2021 7:46pm
This post has been removed in accordance with Community Policy
Comment by
Maxmoe on May 18, 2021 1:09am
Because someone will complain no matter what they do. If the stock goes up it's because we are geniuses, not because maybe management is doing ok. If it goes down it's all blamed on idiot management, not because we bought at the wrong time. Get it? So most companies do a little of everything as cash flow permits.
Comment by
JTDOUBLE on May 17, 2021 7:55pm
Moe you bang on !! Just hope no one buy Sgy before it hits a buck !! Easy money on oil now !! Hold tight cowboys and cowgirls on the bullhorn.. you have seen nothing yet!!
Comment by
littledave55555 on May 17, 2021 9:43pm
by the way oil going up thanks to demand SGY ,IPO,ATH an many other will be all over a buck by the end of the week so get your shares soon before they are gone....