GSAT

[calcutta37]

I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??

[redaddiction]

Originally Posted by calcutta37

I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??

But it's $17 post split. It's like it's at a $1.70 if the split never occurred. It would have to get to over $400 now, to get to where it was 2 years ago.