Assume this is December profit taking? I guess this is what we get for being up 3x in 2013. Looking fwd to 2014 and expanding production and profits - get horizontal with the one you love!
This is one of the very few companies I've ever trusted. Oddly, the Yahoo "1 year target estimate" (part of their detailed quote), went from $12.50 to $13.06 yesterday. Go figure.
With the increase in borrowing base, makes me think Synergy must have a project they would like to purchase. All in the greater plan to build this company for a sale and at a profit for all stockholders.
Took the time to look up on SEC web site. Third quarter which ended May 31, 2013 was reported on July 10th and annual report, with year-end of August 31 was reported on Nov 14th.
1st quarter 2014 ends November 30th and with about 45 days after end of a quarter SEc requires reporting so sometime between Jan 1st to Jan 15th, Synergy will report. In 2013, 1st quarter was reported on January 9th.
If you have reasonable inquires, I've found "Jon" from IR to be very helpful. His e-mail is on the SYRG web site
Last results were 11/5, no? If so, I'd look around 2/5 for the next. I agree results should be great, looking for 12 by March
You are correct in saying Greeley is the only city where SYRG drills within the city limits and they permit fracking.
I look for a strong upward movement of stock after the 1st quarter 2014 is announced. Remember SYRG's 1st quarter ends Nov 30th and results should be reported around the 15th of January. We will have several horizontal wells producing during 1st quarter.
Black - on 4/18 when you posted this SYRG closed at $6.65. "This stock is about to hit a brick wall with this high of valuation and lackluster earnings report...." Sound familar? Keep up the good work.
The fracking ban probably has little effect - for the simple reason that the large acreage spacings per well are not economically available withing city limits ... plus municipal zoning & building code burdens can be a big nuisance and add to cost.
SYRG has done a great job assembling acreage and successfully drilling. Buying a package of producing wells is not in keeping with a strictly E&P operation. It does, however, nicely reflect an enhancement of its total holdings for the purpose of selling out. $12 seemed to have originally been good guess ... but recent producing well acquisition could indicate higher price ... certainly in a range per BOE not less than what was paid.
IMO: $11 came too soon, w/o a logical underpinning. SYRG now trades more by computer and you should check stocks like KOG and TPLM. Thier price moves have been close to the same for the last weeks. I may be wrong, but I think Greeley is the only city they drill within, and it did not pass a law
It would be good for Management of Synergy to respond to the votes and tell us if it has an effect or not!! Good Point.
Some Colorado cities close to SYRG leases voted ban ... does anyone have info of relative affect on SYG's operations. Perhaps it is a psychological response affecting at all operators in NE Colorado.
Synergy still has 7 years on there leases in that area. They have heard some good results but no one has officially talked about them But I do think Apache has left the area for the time being. But the goal is to hit the Wattenburg hard for a few years. I believe we will be bought out before Neb gets going.
PV: as I recall from the last quarterly conference call they said they are sitting tight and letting other companies spend money de-risking the play and waiting for data to come out. Said most of the companies that are active in the area are private so data is scarce. Assume it just sits in 2014 while SYRG keeps growing in CO. If someone hits paydirt there or a large player starts buying up substantial acreage it could be a lottery ticket for SYRG.
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