Post by
FederalReserve on Aug 19, 2021 5:23am
"THE NEW SURGE ENERGY"
Not sure what to say ??? Big news. I have this on my radar now. I like the new oil, I guess I'm bullish on crude. I'm still worried about the total debt load, just in case my crude predictions are off, and or if crude softens, it can hamper over legeraged & indebted players (surge incl) I don't like the stock consolidation, usually in my experience, the stock drops upon consolidation & weeks afterwords. Like I said, it's on my radar, I will wait & see what happens when they do this 8.5-1. maybe give it a few weeks or month, and revisit the situation along with new estimated crude supply/demand estimates. I'm also not a fan of making investments in the month of October? But then again didn't the carnage of September 2008 start in September? But that's just me
Comment by
WanTBe1 on Aug 19, 2021 10:09am
The high of $75 oil is over.The new normal price will be between $60&$70.
Comment by
Keyplan on Aug 19, 2021 10:36am
That will be just fine for Sgy.
Comment by
investmenthound on Aug 19, 2021 12:14pm
Agree, perfectly fine with oil between 60 and 70. SGY printing money at these levels. Try again Wuhan.