Now that I have the handle em2372 on ignore he is using an imposter name. Note the 9 thumbs up for this nonsense. Wall Street is loaded with crooks. They obviously want me to stop posting the truth here or anywhere else. My most recent significant purchase is SYRG and that is essentially my new board. The shills have already followed me there.
One more comment. Most other E & P's pay a significant interest cost which adds at least several dollars to the net cost per barrel. SYRG does not have any significant interest expense. This is an important competitive advantage.
Per the December 18, 2014 news release see the following: With these anticipated lower costs, if oil prices range from $50-$70 per barrel these wells should pay back in 10-30 months and generate an IRR between 25%-120% (not including lease acquisition costs). Synergy's current production mix from its operated wells consists of approximately 63% oil, 7% NGLs and 30% natural gas. I did not include the NG costs from the release but I suspect that they are currently increasing the oil output as a percentage of the mix because nobody is making money with $2 NG. It should be a fair statement to say that the oil production costs are less now than at the end of 2014. I also believe that the new fire sale asset purchase will help them lower costs even more for 2017.
Now I did not say next week. But DVN will go up. NG will propel it just as much as oil did. The weekly NG storage reports have started coming in with good numbers, finally!
I should point out however that the managament here is not new. Half came from Kodiac and almost half came from Anadarko. You can check my posts on this board for details.
This doesn't even count what will happen to DVN's stock price once NG prices get moving..
Thinking in weeks is tough. I think over years. Oil should move past $55 within a year. DVN should be in the $40 range with oil at $55. That is a highly probable 15% or more upside with, if you believe oil will get to $55 within the year, with almost no downside. I try to watch my downside even morer than the upside.
I think you are shooting too low. This company almost doubled in size with its recent firesale purchase. The economy of scale with increased oil prices may have this stock at $9 by year end. But if you are really patient I expect $12 within 2 years.
Proof is in the pudding gasbag. My cost for SYRG is just under $5.80. I am making money. My cost for DVN is $22. I made excellent money on other plays as well. What have you done other than stink up the boards? I even explain why I like my investments to the board. You should run for political office. You have no idea about any facts or understanding of any market. All you do is twist facts and lie. You could get elected to a high office in this country. You waste yourself here.
Actually I just checked my statement. I had a quite a few trades in UPL in 2015 and 2016 but as it turns out I did also lose money in 2016. I made on a few trades and thought I was ahead, but apparently I was not. It was for very small amounts. I took my own advice and kept my positions very small this year.
That post was dated April 15. It was regurgitated by em2372. The board idiot. I traded in and out of UPL last year and this year. Lost a decent amount last year and made a tiny amount this year.
On the NG front this week's storage report showed a very modest increase compared to the 5 year average. The NG glut, per the time of year, is shrinking. I can't wait until the year rolls on to see the stock price of SYRG move up, but I guess I have no choice...