Post by
zack50 on Apr 20, 2022 4:03pm
I'm not a fan of the "bowtie man" but...
Josef Schachter gave a 90 second spiel on SGY on BNN today. If you missed it, here's a summary!
* Sparky has become their homerun play.
* He owns SGY and will be a buyer on weakness in the market.
* Stock should potentially be in thet $20s going into the next 2 years.
* Presently has a TP of $42 for his 5-year peak, indicating that SGY was a $61 stock back in 2012.
Key points...
* Repairing their balance sheet.
* Bad hedges they had are finally running off.
* FCF at today's commodity price is going to be spectacular and that will attract investor attention going forward.
Comment by
ACESover on Apr 20, 2022 4:10pm
Zack, excellent and concise summary of Schachter's interview on BNN. I watched it as well. ACE$
Comment by
Binkie on Apr 20, 2022 6:23pm
It's just one man's opinion and he's wrong frequently, as are the rest of us- but I like him better when I agree with him
Comment by
unc12345 on Apr 20, 2022 11:29pm
Absolutely love the direction of the stock, but let's keep our heads on straight. JS has been wrong A LOT on the sector and many stocks within it, for years now. I hope he's right this time, but......