Post by
stocks123ST on Jun 23, 2021 11:03pm
Re: Astra
Paul I miss my dividends...
Anyway, again buying at the top!!!
The stock market has been going like gangbusters!
Oil has surpassed the pandemic crash!
We are going to have a 20-30 % correction in the stock market: very very soon!
If SGY is to survive, you need to hedge!
This coming from someone who hates hedges!
I say this because the maxim is buy low sell high, Paul what you are doing/ did already, is
buy high, hoping to sell higher!
It didn't work!
You are doing the same thing: AGAIN!!!
If I may humbly advise.
' Hedge all the way up to Feb-Mar '22!!!
If you can get something near $66-67 for wti take it!
When we have the stock market correction, wti down target is
1. $45 !
2. $35 !
There goes you FCF projections.
I know things look great: at the moment, but markets are fickle.
If you hedge now, you are guaranteed a nice return and still pay off debt.
If I am correct you will be able to sleep better at night...
The oil market is reaching an area where it will attrack attention: bad attention...
Paul, your way, SGY is loosing $12/b every day!!!
You hedged to late!
If you hedge now, you are hedging from a position of strength!!!
After March, I would not hedge at all !!!
Oil will trade at $150-200/b before the end of 2025!!!
When everyone thinks the same, not much thinking is going on!!!
Paul, you have to start thinking outside the box...
Comment by
Rockyboy2015 on Jun 23, 2021 11:14pm
We own SGY because we believe oil is going up. Hedging now would curtail our upside. Don't do it
Comment by
Kherson on Jun 24, 2021 8:18am
Very good post Stocks. But I am curious as to why you think that oil will be over $150 a barrel by 2025? Thanks, Kherson
Comment by
unc12345 on Jun 24, 2021 1:05pm
Stocks123ST, love your confidence, great post in many ways, but that was the line of the week for me on here... I believe that oil can go up to $77-78 but not $80!!! So 78 is entirely possible, but 80 is out of the question? Ya lost me there! LOL
Comment by
jremple on Jun 24, 2021 3:37pm
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Comment by
jremple on Jun 24, 2021 6:19pm
This post has been removed in accordance with Community Policy
Comment by
Joe455 on Jun 24, 2021 5:48pm
Because Biden is creating hyper inflation.