That's just the way this stock works like it or not. IMO The DJIA is the only support for this stock, not the price of oil. Took advantage of the $1+ run and sold 1/3 of my shares... My two profitable positions.
It's the way this stock has worked, but will it continue to be? Past short history of disappointing earnings redeemed by two earnings beats. Reserves up. Pipelines back up to full capacity. New projects. Natural gas holding near $4 and forming a solid upward trend.
One day the way things were is no longer what they have become. Odds of SGY getting back to higher ranges are better than they have been in a long time.