SGY

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bearcatbob

SGY

Post by bearcatbob »

Gentlemen - do we have liftoff? What a move today!
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: SGY

Post by setliff »

looking good--check out bexp, also. hopeful it won't collapse before close. ;)
dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: SGY

Post by dan_s »

All of my e-mails today are full of "love". Interesting how this works.

SGY is grossly oversold. As the fear related to the BP spill cools down this one could be a double from here.

Dan
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: SGY

Post by dan_s »

SGY is currently trading at 1.52 X my cash flow per share forecast for 2010. If they hit my EPS forecast of $0.48 for the 3rd quarter, and I believe they will come darn close, then the share price should respond. A share price of $20 by year-end is not unreasonable for this one.

Dan
Dan Steffens
Energy Prospectus Group
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