Post by
soundandfury on Jul 30, 2021 8:11am
Lol don't see the long term
Sure sgy will make money in 2022.........but only if oil prices stay above 60.00 us wti.........at current prices with no hedges sgy would have made a 24 million dollar profit.........then you can add on possibly another 15 to 20 million quarterly profit from astra assets and yes they could make 40 million profit per quarter in 2020.........but they will also increase cap ex dont forget so that 40 million profit will all of a sudden drop back to 20 million............and then they got debt due 30 million debenture matureing in dec 2022 so there goes that money............my point is what the future looks like profit wise and what might actually materialise are sometimes quite different...............there is one other scenario that might happen and that is a sale of the entire company......this is most likely to occur in 2022 imo
Comment by
goldens on Jul 30, 2021 9:13am
Lots if IF in your statement. How about IF OIL hits $100/bbl then what. Fact is there is tons of upside to the current price. We should have a nice pop today and I will guess we could touch $1 very soon.