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.
Keep in mind, if you are looking for gains in your stock, this stock has done quite well this year. It all depends when you got in , of course, but there is more room to run. Ii'm sure a buy-out is always a possibility, but usually is a good thing!! Be good and good luck!!
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.
I still love the company. I think they are doing what they can for a very small operation. I not 100% sure but I believe they are trying to grow the company to a size that will make them attractive to a larger stock exchange. They are still one of the top franchises out in the market in their space. But it will take time. I've been impressed with the stock this past year. I would love more press releases from the company for some more feedback. If they really want to grow this, stockholder wise, the more press the better.,
Northland Capital Partners boosted $SYRG at Outperform with PT:$13.00 (+31% from here) Nov 6th
Canaccord Genuity boosted $SYRG at Buy with PT:$16.00 (+61% from here) Nov 6th
NEW YORK (TheStreet) -- Synergy Resources Corporation (AMEX:SYRG) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
It's no comparison. A horizontal is much more profitable. The wells that Synergy are drilling are 18 stage horizintals. Think of each stage as one vertical. With the new pad we have 5 wells with 18 stages. That's 90 wells. In Janurary will will have are second 5 producing. That will give us a 180 well production. Our volumes will double. I don't have the cost available but it's like 5 million for the Horizontals.
I do remember at the Corporate meeting a couple of months ago, it was said that the productions numbers will be about ever to a tad higher than the previous quarter. Obviously, with the transition to Horizontals the grow that is expected for a stock like Synergy isn't going to be there. But those of us that know, the next few quarters are going to be absolutely awesome. It should be an interesting year end.
I just thought this was worth posting.
WICHITA, Kan. (AP) - Shell Oil says it is selling off its 45 wells and 600,000 acres in Kansas after its exploratory wells didn't show enough potential to keep the energy company in the state.
The Wichita Eagle reports Shell joins several other major exploration companies that have given up on Kansas. Chesapeake Energy, Encana and Apache have been gone for more than a year, while three other companies haven't filed an intent to drill since at least April.
Shell spokesman Scott Scheffler says the company felt its best value option was to sell its Kansas assets and go elsewhere.
Some other companies say they are doing fine in Kansas and plan to expand their operations in the state.
Read more: http://www.kshb.com/dpp/news/state/kansas/shell-oil-pulling-up-stakes-selling-kansas-assets#ixzz2fphdNkQu
Wait until Synergy comes out with the horizontal run rates at the end of the month. It was interesting that the article didn't mention anything about what is going on in the next 6 months. Poorly written but, his loss!!
That guy writing that article is just plugging that Gastar stock. If he looked at Synergy and saw what they have in the pipeline in the next 6 months , he would understand Synergy's deserved stock price.