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Synergy Resources Corporation Message Board

  • frisbill53 frisbill53 Jun 10, 2013 11:37 AM Flag

    New Offering

    It is all making sense to me! First the reserve report. The reserve report then told the team how much money they could borrow for fund the horizontal program. After they increased the borrowing , they new how much money they would need to fund the project, hence the stock offering. A 20% addition in stock is going to be interesting to see how the market reacts. I do think this is a wonderful buying opportunity, depending on how low the stock goes? Does anyone know what the stock is being offered to buy at ? Are there any thoughts as to how much extra production is anticipated with this new drilling program?

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    • When they are selling stock at $6.25, is that in the stockholder's interest? Hard to see how.

    • '...thoughts on...extra production?'...

      fwiw...absolutely do your own DD...from what others producers have done...I expect the 32 net hoz's will add 6,000 boed to syrg...and in 15 months they will have in excess of 8,000 boed and assuming the world as we know it continues I expect sryg's stock price to have doubled...PLUS I think this time next year they will announce a similar program for their leases east of BCEI and south of NBL's East Pony activity...assuming these leases are as productive as BCEI/NBL'S... syrg's price could well double again...and then move onto their large acreage in SW Neb...depending on how that pans out in 3-5 years the sky would be the limit...

      Needless to say I'm bullish...I think syrg has the best/one of the best management in the oil patch...I have a large position and am adding more below $6.30...

      good luck all...no guarantees...be careful out there...lot of potential...we'll see...

      Sentiment: Buy

 
SYRG
6.66+0.02(+0.30%)Aug 26 4:00 PMEDT