Post by
ACESover on Jul 05, 2021 12:57pm
WTI up$1.15 and Surge will follow
As usual MM's keeping SGY in check as more shares get shaken out. Guaranteed these same MM's are thinking 6-12 months out as they keep accumulating. Meanwhile the short term players miss the same buying opportunities and flip out to another stock looking for some action. I expect SGY to be in the green by days end and waiting for it to break through resistance in mid .70's
Once that happens it will move quickly back over a buck
ACE$
Comment by
Stockhudson on Jul 05, 2021 1:04pm
has SGY got any barrels that are not hedged
Comment by
Dibah420 on Jul 05, 2021 1:23pm
There are always unhedged barrels. Meanwhile over at OPEC it seems MBS & MBZ are butting heads and pundits keep gloating about triple digits. As crude stabilizes in the seventies and is sustained over one or two Q's we should get some clarity about SGY cash flows and how they are hedging future barrels.