and we will look back and say wow this was trading at 2 bucks among many other beaten down strong names in this sector. Be patient grasshoppers
I do it every day what makes a pro a pro anyways?? Do they see the future and 100% correct all the time. Sfy is the cheapest play in this sector they will do a secured bond capital raise of about 500 mill buy back some of there debt and better times ahead the stocks an easy double.
Just doesnt make sense why someone hasnt stepped in and made a tender offer considering the ev value vs potential revenue /profite from there properties. Even offering at 6 bucks a share could possiblily ge the deal done
There unproved or probabale reserves could be triple there proved reserves. No brainer buy here
I wouldn't touch the common with a 10 foot pole when the pfds where trading pretty close to the common at 5 bucks that price difference made absolutly no sense. They should have iluted the common more say around 40 mill share offering if they could have pulled it off then pfd and senior debt would have popped up alot higher then they did
If they suspended the pfd divy i can assure the senior debt would have gotten whacked big time and the common also. missing any debt payment anywhere in the heirachy isn't a good thing period. They would have been punished bigtime all asset classes common to the senior debt.
Dont care for the convert will will not trade much higher then where it is now unless the common jumps up but that wont happen either since they did that big dilution. If oil jumps to 70-80 bukcs a barrel then the tide lifts all boats but the common will flounder even if oil does jump
Yeah was was looking at the senior debt but much less liquid then trading the pfd. II'm down to 60k left of the c's which i plan to sell tomorrow. Then
i'm out of the name but i can tell you I'm long a #$%$ load of sfy at 2.94 avg think it goes to 5-6 pretty soon.
Yes i was long avg 6.50 on 270k shares it was a good day but i wasnt too worried especially after the secondary on monday
No its not baffling its common sense. Not paying there debt would have tanked the common to a buck. By all costs they must keep paying there debt meaning pfds and senior debt.