After looking at the energy sector and the number of stocks at, near, or below their 52 week low, there is going to be a run in these stocks through June. Reading other message boards, the complaints are the same, only the ticker is different. Stocks like DVN for instance, with the rise in NG price, should be flying. I believe they will, including SD. The street knows what the price of NG has done, and they have now got the stock prices to where they can take full advantage of it. Just an opinion, we'll know soon enough. If I'm right, enjoy the ride because everything I have read looks to a strong summer for NG.
I agree the whole sector has been beaten down. So why would anyone buy sd when they could get good deals on quality companies? Unless they drill a gusher in the gulf, sd will always be the turd of the patch. Nobody wants the 3rd rate okie leftovers.
Good read. My sentiments exactly. SD seems to be doing less bad on days that most oil/gas stocks are doing bad and better than most oil/gas stocks when they are doing good. If SD is at this level or lower prior to earnings, I will buy my other half on my position before earnings and be done buying. I think the reward far outways the risks at this moment. I am not good at picking bottoms, but I feel we are close.