Are you talking about your own financial situation? Looks like you will need to file for BK. We are looking at $2 tomorrow and maybe $4 by the end of next week. I got 30,000 shares saying you will need to file for BK by early next week :)
Sentiment: Strong Buy
Why would US citizens support them greedy basturds ipo? They are purposefully trying to bk US companies so they can monopolize the oil business and raise prices to crazy levels.
They only care about themselves. We should tell them to keep their oil. We use our own producer and buy oil from other folks. It's at $5.. we've make a little ground but could be back sub $1 tomorrow.. im just too confused.
So this stock dropped like crazy when oil was 20's low 30's. Now it's back up to 43 and up decent today and the stock is up 4 cents? what's gonna take to get this thing off? Oil could be at 50 and this could sit around 1.05.. what gives???
Just a few weeks ago this was trading near what Linn is trading. Linn close to bk and even announced that they will miss payment, yet they are up over 10% today. Any news for sgy drives stock down. Anyone know why? Shorts manipulating this stop but to what extent? It's disgusting.
I'm hoping 8 years later we can consider sgy an investment and it sit north of $20.
My kids college would be paid for. It's stomache churning now.
stock market is manipulated and a big fraud anyway. Hedge funds control a lot of the prices and other big investors can do the same. So you're saying its all a guessing game and all a gamble. I agree lol
Oil go up, sgy goes down. Oil goes down 2-3% and SGY goes down 15-25% every day. #$%$ is going on?
BK priced in but it's dropping like BK will happen tomorrow I'm done accumulating and just hope that they survive this period. It's just so frustrating.
I think sgy disclosed the drawdiwn. They were being transparent and it caused the stock to drop 50%. I can live with an honest company. They couldve hide the drawdown and the stock would've taken a stronger hit later when public found out. Ike i say, stock eill trade between 1.70-4.00 or so until better news come out. I think they will survive. Strong buy now for long term gain.
Sentiment: Strong Buy
Sgy decided to take advantage and hoard the cash from their line. Perfectly fine sinc they were given the loc. When the next loc redetermination comes, they are betting that the oil prices have increased and the lender doesnt decrease the loc.
This oil market will fluctuate a d this stock eill likely trade sround 1.75-4.00. Brst ay to play s to back up the truck in the $2 range and sell in the 3's. Nce oil stablizes we should see a new set of trading range. Ive got 12 years before my kids go to college and im betting that sgy will get them through college.
Add two nice kobe beef A5 steaks and you are set my friend.